Baghdad: Shaima Rasheed
The economic advisor to the prime minister, Mazhar Muhammad Salih, explained that the difference in the price of a barrel of oil in the budget goes to fill the deficit, and the government may not need to borrow, indicating that developing a supplementary budget remains as needed.
Saleh said in an interview with Al-Sabah: “The budget was built on a deficit, meaning that the expenditures are more, and there can be borrowing, but the difference in the price of a barrel of oil today closes the deficit, so there is no need to borrow, that is, the surplus replaces
He added, "This difference in the price of a barrel of oil closes the deficit in the budget, and the government may not need to borrow," noting that "this does not mean that there is no final borrowing, but the difference is compensated, and there may be a surplus, and this depends on the stability of prices."
Oil ». And on the existence of a complementary budget, Saleh explained that “creating a supplementary budget is not necessary, but it remains according to the government's need and the extent of the revenue strength, and does it have important deferred projects that need a budget?