[ltr]2021.03.25 - 14:52[/ltr]
Baghdad - People
A member of the Saeron Alliance, Ali Al-Lami, confirmed, on Thursday, that a supplementary budget will be presented after months if oil prices remain at their current levels.
Al-Lami said, in a statement, that "People" received a copy of it (March 25, 2021), "The current oil prices currently range from 65-70 dollars per barrel and they are fluctuating and unstable, that is, they are lowering and returning to rise within hours, but the general situation is that the decline is not." Great ".
Al-Lami added, "If oil prices remain at their current levels, which are higher than the average oil price specified in the budget, the government will pay, after months, to present a supplementary budget because it will be an increase in revenues and will be distributed by the House of Representatives, as has been the practice in the past years when oil prices are rising." .
He pointed out that "oil prices will remain unstable due to the repercussions of the Corona pandemic for a period of time, especially as 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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