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Al-Kazemi's financial advisor: The oil price difference bridges the budget deficit
- Time: 03/2021/01 08:14:38
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{Baghdad: Al Furat News} 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 setting a supplementary budget remains according to the government's need.
Saleh said in a press interview, "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 is filling the deficit, so there is no need for borrowing, that is, the surplus replaces borrowings."
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." Oil. "
And on the existence of a supplementary budget, Saleh indicated 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 projects that are deferred that need a supplementary budget."
Hussein Hatem
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{Baghdad: Al Furat News} 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 setting a supplementary budget remains according to the government's need.
Saleh said in a press interview, "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 is filling the deficit, so there is no need for borrowing, that is, the surplus replaces borrowings."
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." Oil. "
And on the existence of a supplementary budget, Saleh indicated 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 projects that are deferred that need a supplementary budget."
Hussein Hatem
[You must be registered and logged in to see this link.]
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