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[size=36]Al-Kazemi’s advisor sets a condition for dealing with financial abundance from high oil prices[/size]
Economie| 07:53 - 06/07/2021
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Baghdad - Mawazine News,
Adviser to the Prime Minister, Alaa Abdul-Hussein, has set, today, Tuesday, the date for repaying the loans, while indicating that the government can only dispose of the financial abundance from the rise in oil on condition.
Abdul-Hussein said, "The improvement in oil prices in the global market is positive for the economies of the oil countries, especially those that depend largely on oil in their budgets," noting that "the interest that Iraq derives during this year from the increase in oil prices will contribute to covering the budget deficit of 29 to 30 trillion dinars, if prices continue in this way until the end of the year.”
He added, "In the event that the price of a barrel of oil exceeds $77, this will contribute to achieving an abundance that is not very large, but will contribute positively to the state's general budget for the next year and will help the Iraqi government with the issue of repaying the loans on it."
Abdul Hussein stated that "the current oil levels will provide, from now until the end of the year, surpluses that will help Iraq in the budget and achieve a financial abundance that the government cannot dispose of, except through a supplementary budget," ruling out "organizing a supplementary budget within the current data, but this abundance may be Next year, the government will help to repay the loans.” Ended 29/H
Adviser to the Prime Minister, Alaa Abdul-Hussein, has set, today, Tuesday, the date for repaying the loans, while indicating that the government can only dispose of the financial abundance from the rise in oil on condition.
Abdul-Hussein said, "The improvement in oil prices in the global market is positive for the economies of the oil countries, especially those that depend largely on oil in their budgets," noting that "the interest that Iraq derives during this year from the increase in oil prices will contribute to covering the budget deficit of 29 to 30 trillion dinars, if prices continue in this way until the end of the year.”
He added, "In the event that the price of a barrel of oil exceeds $77, this will contribute to achieving an abundance that is not very large, but will contribute positively to the state's general budget for the next year and will help the Iraqi government with the issue of repaying the loans on it."
Abdul Hussein stated that "the current oil levels will provide, from now until the end of the year, surpluses that will help Iraq in the budget and achieve a financial abundance that the government cannot dispose of, except through a supplementary budget," ruling out "organizing a supplementary budget within the current data, but this abundance may be Next year, the government will help to repay the loans.” Ended 29/H
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