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Representative economy: Oil prices in the budget do not fit reality and should be adjusted
10:51 - 19/03/2021
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The Parliamentary Economic and Investment Committee stressed the need to amend the price of a barrel of oil in the budget, pointing out that the prices set within the budget are $ 42 a barrel, not commensurate with reality after the barrel price reaches $ 70.
"The budget must include an amendment to the price of a barrel of oil, which is set at 42 dollars, as it must be appropriate to reality," said a member of the committee, Mithaq Al-Hamdi.
And she added, "Parliament sessions will witness the demand to amend the price of a barrel of oil in the budget, in order to take advantage of the rise in global prices to bridge the budget deficit."
She indicated that "the price of a barrel of oil and its rise in the markets must be matched by a reduction in the exchange rate of the dollar against the dinar, especially since there is no need for the continuation of the specified price, with the recovery of oil prices." 25 n
The Parliamentary Economic and Investment Committee stressed the need to amend the price of a barrel of oil in the budget, pointing out that the prices set within the budget are $ 42 a barrel, not commensurate with reality after the barrel price reaches $ 70.
"The budget must include an amendment to the price of a barrel of oil, which is set at 42 dollars, as it must be appropriate to reality," said a member of the committee, Mithaq Al-Hamdi.
And she added, "Parliament sessions will witness the demand to amend the price of a barrel of oil in the budget, in order to take advantage of the rise in global prices to bridge the budget deficit."
She indicated that "the price of a barrel of oil and its rise in the markets must be matched by a reduction in the exchange rate of the dollar against the dinar, especially since there is no need for the continuation of the specified price, with the recovery of oil prices." 25 n
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