[size=36]Al-Kazemi’s advisor: The 2022 budget will be without deficit in this case[/size]
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, the Prime Minister's Adviser for Economic Affairs, Mazhar Muhammad Salih, set today, Monday, a condition for achieving an actual balance in the 2022 budget without a deficit.
Saleh said in a statement to the official news agency, followed by Mawazine News, that "the expectations of the World Bank, which it released in late October of last year, set out its vision regarding the average oil prices in the world 2022, which he expected, to be about $74 per barrel as an average throughout the entire period. Next year, he also expected it to drop to an annual average of $64 a barrel in 2023.
He added, "The estimated oil revenues at $50 in the draft law on the next year's budget 2022, which was prepared inevitably for a precautionary deficit, may be less than the precautionary deficit shown in the 2021 budget, and assuming that the expenditure ceilings in the 2022 budget are similar to what they are in the 2021 budget, the budget The federal general for the year 2022 will achieve a state of actual balance (without any significant deficit)."
And Saleh added, "This will be if the average price of a barrel of oil in 2022 exceeds, to be about 71-72 dollars per barrel, according to the reality of expected government spending and its ceilings." Ended 29/N33