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[size=46]The Parliamentary Finance Committee proposes adopting a price of $75 per barrel in the 2023 budget[/size]
Economie
23:00 - 2022-11-24
[You must be registered and logged in to see this image.]23:00 - 2022-11-24
The Parliamentary Finance Committee clarified, this evening, Thursday, the priorities of the 2023 budget, and while it expected it to reach parliament at the beginning of next year, it was likely that its value would reach 150 trillion dinars, while it proposed fixing the price of $ 75 per barrel.
Committee member Mueen Al-Kadhimi said, "The Ministries of Finance and Planning are serious about completing writing the draft budget for 2023, and there will be a discussion about it in the Council of Ministers, and we believe that it will be sent to the House of Representatives early next year."
He added, "In the Finance Committee, we believe that the budget will translate the government program into health and electricity files, and try to reach the production of 30 megawatts per day, support the social protection file, the investment and urban aspects, and infrastructure development. There are also expectations that its value will be 150 trillion dinars, especially with the rise in oil prices."
Al-Kazemi stressed the necessity of adopting a reasonable price for a barrel of oil that takes into account the possibility of a drop in global prices, such as 75 dollars, and accordingly, the value of oil revenues will be only around 127 trillion dinars, while there will be other non-oil revenues with a value exceeding 20 trillion dinars
. In OPEC, it reaches 3,250 thousand barrels, and exports must increase, and Iraq’s position is taken into account as the third producer around the world, and also the percentage of its share in OPEC has been reduced as a result of wars, and its current situation differs
. It will not exceed 10 trillion dinars.
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