[rtl]A former member of Parliamentary Finance sets the date for Iraq's entry into the "financial danger" phase - urgent[/rtl][rtl][You must be registered and logged in to see this image.][/rtl]
Baghdad today - Baghdad
Former member of the Parliamentary Finance Committee, Ahmed Hama Rashid, revealed today, Wednesday, what can be described as the “critical price” of a barrel of oil that will enter Iraq into a stage of financial danger.
Rashid said in an interview with (Baghdad Today), that “Iraq is a rentier state, that is, it relies heavily on selling oil to secure the financial treasure revenues,” pointing out that it “relies on the conservative price in the annual budget to determine the price of a barrel of oil, and not the optimistic or pessimistic price.” .
And Rashid explained, according to his own information, that “the proposed price of a barrel of oil in the next year's budget will be $70, with a quantity of up to 4 million barrels per day,” pointing out that “the deficit should not exceed 3% according to the Financial Management Law, but if a drop in the price of a barrel occurs below $70 a barrel, Iraq will be vulnerable to a severe economic crisis and a stage of financial danger, especially since oil markets have been subject to fluctuations in recent years.
[rtl]You can also read the news from the source [You must be registered and logged in to see this link.][You must be registered and logged in to see this link.]