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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Parliamentary Finance shows the impact of the increase in oil prices on the Iraqi economy

rocky
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Finance - Parliamentary Finance shows the impact of the increase in oil prices on the Iraqi economy Empty Parliamentary Finance shows the impact of the increase in oil prices on the Iraqi economy

Post by rocky Tue 25 May 2021, 6:44 am

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[size=35][size=35]Parliamentary Finance shows the impact of the increase in oil prices on the Iraqi economy[/size]
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2021-05-25 | 03:40
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Alsumaria News / Baghdad

A member of the Parliamentary Finance Committee, Jamal Cougar, pointed out today, Tuesday, to the most prominent doors to which the financial surplus can be directed from the price difference of a barrel of oil globally.


Cougar said in an interview with Alsumaria News, "The global oil prices at this stage are considered very normal compared to the price in the federal budget, and it is not possible to talk about the existence of a surplus between the two prices, on many considerations, including that the prices are currently approximately $ 66 per barrel of a kind. As for Iraqi oil, it is two dollars or a little more, and the net price in the budget is 45 dollars, "indicating that" selling [You must be registered and logged in to see this link.] Oil at $ 62 a barrel is not considered a net amount for the country's treasury, given that licensing rounds take between 14-16 trillion dinars, and for each barrel at least two dollars are given to companies, which means that the disbursements of each barrel are an estimate of up to $ 15, which means that the surplus, even if it is Is present, it will be very few. "






Cougar added, "In the event of an increase in global oil prices during the next few months, it is possible to benefit from it within the main chapters, the first of which is the preparation of a supplementary budget, given that holding elections in October will make it difficult for the next government and parliament to prepare a budget for the next year, which makes us need. To a supplementary budget, "pointing out that" the other door is the possibility of benefiting from the expected surplus to pay off outstanding foreign loans that were due to be paid and were postponed in the budget, including the prices of gas exported from Iran to [You must be registered and logged in to see this link.] To run the power stations. "
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"The third chapter is to feed the central bank’s reserves, from which a large amount of surplus amounts were withdrawn in previous periods, if they rose to large numbers, in order to revive it for its importance in the monetary and financial policy of the country," he said.

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