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[size=36]Two ways for the Iraqi government to invest in the increase in oil prices[/size]
political| 05:20 - 06/07/2021
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Baghdad - Mawazine News
The Iraqi Parliament's Finance Committee revealed two ways for the government to invest the increase in oil prices.
Committee member Shirwan Mirza said, "The price of a barrel of oil was set in the budget law at 45 dollars, but the prices rose during the moment to about 76 dollars."
He added, "The government should use those revenues generated by the rise in oil prices to bridge the deficit in the budget, and it must also send data on increasing revenues to the Finance Committee and ways to use it."
He pointed out, "The government can use the imports generated from the increase in oil prices to bridge the financial deficit or to deliver the revenues to the Central Bank of Iraq to raise the financial reserve." Ended 29 / h
The Iraqi Parliament's Finance Committee revealed two ways for the government to invest the increase in oil prices.
Committee member Shirwan Mirza said, "The price of a barrel of oil was set in the budget law at 45 dollars, but the prices rose during the moment to about 76 dollars."
He added, "The government should use those revenues generated by the rise in oil prices to bridge the deficit in the budget, and it must also send data on increasing revenues to the Finance Committee and ways to use it."
He pointed out, "The government can use the imports generated from the increase in oil prices to bridge the financial deficit or to deliver the revenues to the Central Bank of Iraq to raise the financial reserve." Ended 29 / h
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