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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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Established in 2006 as a Community of Reality

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Parliamentary Finance: The rise in oil prices is not enough to cover government expenditures

rocky
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parliamentary - Parliamentary Finance: The rise in oil prices is not enough to cover government expenditures Empty Parliamentary Finance: The rise in oil prices is not enough to cover government expenditures

Post by rocky Wed 29 Sep 2021, 7:46 am

Parliamentary Finance: The rise in oil prices is not enough to cover government expenditures

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The Parliamentary Finance Committee considered that the rise in oil prices is not sufficient to cover government expenditures in the budget law, while noting that Iraq exports two million and 500 thousand barrels per day.
Committee member Muhammad Al-Shabki said in a press interview, "Iraq used to export about three million and 500 thousand barrels per day, but after the OPEC agreement to reduce the value of exports to member countries, it has exported two million and 500 thousand barrels per day."
He added that "the OPEC agreement was a reason for reducing the financial revenues belonging to the state treasury from oil exports, and therefore the rise in oil prices is not enough to cover government expenditures in the budget law."

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