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Finance: The price of oil in the final version of the budget is $ 45 a barrel
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Mubasher: The Parliamentary Finance Committee in Iraq confirmed today, Monday, that there is no change in the price of selling oil in the final version of the federal budget bill for 2021.
Majida Al-Tamimi, a member of the committee, told the Iraqi News Agency (INA) that the committee completed the discussion and amendment of the draft federal budget law for 2021 about a month ago.
Al-Tamimi indicated that the reason for the delay in resolving the budget is due to the disagreement over Article 11 of the law, which relates to the Kurdistan region.
She added, "There is no change in the selling price of oil within the budget, as the additional revenues that come from increasing the price of a barrel of oil will return to the budget."
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A member of the Parliamentary Finance Committee in Iraq stated that the committee set the selling price at $ 45, after it was $ 42 per barrel.
Al-Tamimi indicated that the deficit in the budget law amounts to 28.6 trillion dinars, pointing out that there are those who link between the Federal Court Law and the Budget Law, but indirectly, which is why these existing disputes over the Federal Supreme Court Law have cast a shadow over the passage of the budget.
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An oil facility in Iraq
March 15, 2021 9:02 PMMubasher: The Parliamentary Finance Committee in Iraq confirmed today, Monday, that there is no change in the price of selling oil in the final version of the federal budget bill for 2021.
Majida Al-Tamimi, a member of the committee, told the Iraqi News Agency (INA) that the committee completed the discussion and amendment of the draft federal budget law for 2021 about a month ago.
Al-Tamimi indicated that the reason for the delay in resolving the budget is due to the disagreement over Article 11 of the law, which relates to the Kurdistan region.
She added, "There is no change in the selling price of oil within the budget, as the additional revenues that come from increasing the price of a barrel of oil will return to the budget."
[ltr]
Volume 0%
[/ltr]
A member of the Parliamentary Finance Committee in Iraq stated that the committee set the selling price at $ 45, after it was $ 42 per barrel.
Al-Tamimi indicated that the deficit in the budget law amounts to 28.6 trillion dinars, pointing out that there are those who link between the Federal Court Law and the Budget Law, but indirectly, which is why these existing disputes over the Federal Supreme Court Law have cast a shadow over the passage of the budget.
Nominations
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