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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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Al-Kazemi’s advisor: Adopting a price of $50 a barrel in next year’s budget

rocky
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budget - Al-Kazemi’s advisor: Adopting a price of $50 a barrel in next year’s budget Empty Al-Kazemi’s advisor: Adopting a price of $50 a barrel in next year’s budget

Post by rocky Wed 01 Dec 2021, 6:44 am

Al-Kazemi’s advisor: Adopting a price of $50 a barrel in next year’s budget
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Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, revealed the preparation of a budget that he described as precautionary for the year 2022, indicating that the new budget may depend on borrowing.
Saleh said in an interview with the official Al-Sabah newspaper that the draft budget for next year is ready, and for the first time contains a plan for investment projects that is clear and built for a period of three years, revealing that the budget was built on the basis of an oil price of 50 dollars per barrel, despite the fact that the current oil prices exceeded 80 dollars per barrel. He pointed out that the possibility of borrowing is present in all budgets as a precautionary measure, ruling out the possibility of the effect of the "Omicron" mutation on the economy in general, indicating that the new mutation may reduce oil prices.
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