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Adviser to the Prime Minister determines the optimal price for oil in the budget
- Time: 09/27/2021 18:34:23
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{Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, set, on Monday, the optimal price for oil in the federal budget.
The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
Saleh said {to Euphrates News} that "if the general budget depends on oil only and without a financial deficit, the price of a barrel is not less than 75 dollars and exports are not less than 3 and a half million barrels with an annual average, this price will be optimal in the budget."
He added, "Non-oil revenues, despite their smallness, do not reach their estimated earnings, so Iraq can benefit from the increase in oil prices in this case in the budget."
The financial advisor to the Prime Minister, Mustafa Al-Kazemi, had revealed the completion of the draft federal budget bill for 2022.
Saleh said in a press statement, "The financial authority represented by the Federal Ministry of Finance is close to completing the preparation of the draft federal budget bill for 2022, and that the Strategic Budget Committee, through its meetings held in more than 24 meetings throughout the year, has concluded that the ceiling Expenditure in the 2022 budget will not exceed the spending ceiling in the 2021 budget, and if there is an increase, it is likely to be 10%
.The only thing new in the 2022 budget is that the price of a barrel of oil will be around $50 per barrel, as announced by the Minister of Finance, There are non-oil revenues that are supposed to increase, and therefore the assumed deficit that was proven in the 2021 budget is around 29 trillion dinars, and it is expected that it will decrease to 18-20 trillion dinars, which will lead to a decrease in the deficit and an increase in revenues.
From: Raghad Daham / Tah: Wafaa Al-Fatlawy
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{Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, set, on Monday, the optimal price for oil in the federal budget.
The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
Saleh said {to Euphrates News} that "if the general budget depends on oil only and without a financial deficit, the price of a barrel is not less than 75 dollars and exports are not less than 3 and a half million barrels with an annual average, this price will be optimal in the budget."
He added, "Non-oil revenues, despite their smallness, do not reach their estimated earnings, so Iraq can benefit from the increase in oil prices in this case in the budget."
The financial advisor to the Prime Minister, Mustafa Al-Kazemi, had revealed the completion of the draft federal budget bill for 2022.
Saleh said in a press statement, "The financial authority represented by the Federal Ministry of Finance is close to completing the preparation of the draft federal budget bill for 2022, and that the Strategic Budget Committee, through its meetings held in more than 24 meetings throughout the year, has concluded that the ceiling Expenditure in the 2022 budget will not exceed the spending ceiling in the 2021 budget, and if there is an increase, it is likely to be 10%
.The only thing new in the 2022 budget is that the price of a barrel of oil will be around $50 per barrel, as announced by the Minister of Finance, There are non-oil revenues that are supposed to increase, and therefore the assumed deficit that was proven in the 2021 budget is around 29 trillion dinars, and it is expected that it will decrease to 18-20 trillion dinars, which will lead to a decrease in the deficit and an increase in revenues.
From: Raghad Daham / Tah: Wafaa Al-Fatlawy
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