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[size=36]Saeron confirms the presentation of a supplementary budget in the event of continued high oil prices[/size]
Political| 03:21 - 25/03/2021
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Baghdad - Mawazine News
, a member of the Saeron Alliance, Ali Al-Lami, confirmed, on Thursday, that a supplementary budget will be presented in months if oil prices remain at their current levels.
Al-Lami said in a statement that Mawazine News received a copy of, that "the current oil prices range from 65-70 dollars per barrel, which are volatile and unstable, that is, they reduce and rise again within hours, but the general situation is that the decrease is not significant."
Al-Lami added, "If oil prices remain at their current levels, which are higher than the average oil price specified in the budget, after months the government will pay a supplementary budget because it will be an increase in revenues and will be distributed by the House of Representatives, as usual in the past years where oil prices have risen." .
He pointed out that "oil prices will remain unstable due to the repercussions of the Corona pandemic for a period of time, especially since its impact is direct and clear in the economies of most countries of the world, but in general, changes in prices, whether high or low, will not be significant in the short term."
, a member of the Saeron Alliance, Ali Al-Lami, confirmed, on Thursday, that a supplementary budget will be presented in months if oil prices remain at their current levels.
Al-Lami said in a statement that Mawazine News received a copy of, that "the current oil prices range from 65-70 dollars per barrel, which are volatile and unstable, that is, they reduce and rise again within hours, but the general situation is that the decrease is not significant."
Al-Lami added, "If oil prices remain at their current levels, which are higher than the average oil price specified in the budget, after months the government will pay a supplementary budget because it will be an increase in revenues and will be distributed by the House of Representatives, as usual in the past years where oil prices have risen." .
He pointed out that "oil prices will remain unstable due to the repercussions of the Corona pandemic for a period of time, especially since its impact is direct and clear in the economies of most countries of the world, but in general, changes in prices, whether high or low, will not be significant in the short term."
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