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[size=35][size=35]"Pushing Iraq towards a catastrophe"... warnings about oil pricing in the 2023 budget[/size]
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14-12-2022 | 01:41
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Alsumaria News - Economy
Al-Jawahiri said in an interview with Al-Sumaria News, that "there are many indicators and factors for the rise in oil prices globally, including the Russian-Ukrainian war, the seizure of oil tankers in [You must be registered and logged in to see this link.], in addition to the rise in dollar prices, but prices began to decline gradually without knowing the reasons," stressing that "the risk By placing a large figure for the price of a barrel of oil in the budget, it may lead us to a new disaster.
He added, "Pricing a barrel of oil at $40 is a reasonable price and a guarantee for oil fluctuations and prices in the global market."
He continued, "[You must be registered and logged in to see this link.] is a rentier country par excellence, and pricing a barrel of oil more than 40-45 is very dangerous, given what is happening in the global market now."
In addition, a member of the Parliamentary Oil and Gas Committee, [url=https://www.alsumaria.tv/Entity/1893661533/%D8%B2%D9%8A%D9%86%D8%A8 %D8%A7%D9%84%D9%85%D9%88%D8%B3%D9%88%D9%8A/ar/]Zainab al-Moussawi[/url], confirmed to [url=https://www.alsumaria.tv/Entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria News[/url] that "the price of a barrel of oil in the general budget will be at 45 dollars."
Earlier, the Parliamentary Finance Committee said, "The price of a barrel of oil amounted to 45 dollars in the 2021 budget, and the [url=https://www.alsumaria.tv/Entity/3238106360/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9/ar/]Ministry of Finance[/url] suggested that the price of a barrel of oil in the 2023 budget be between (60 to 65) dollars."
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She added, "The mechanism for calculating the budget is done by multiplying the price of a barrel of oil, which is 65 dollars, by the amount of daily Iraqi exports amounting to 3 million and 250 thousand barrels at the current exchange rate of 1450 dollars, so that the result is about 110 trillion dinars, in addition to other imports from communications, tax and customs." And taxation so that we reach 140 trillion dinars.
She indicated that "65% of the budget will be operational, which includes salaries and consumption, and 35% of it will be for the investment side, such as ongoing, lagging, and new infrastructure projects."
And she continued, "The House of Representatives may give its opinion so that the price of a barrel of oil in the budget is acceptable without being affected by a drop in the price of oil," warning against "an overestimation of the price of a barrel of oil in the budget."
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14-12-2022 | 01:41
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Alsumaria News - Economy
Oil expert Hamza Al-Jawahiri warned today, Wednesday, against inflating the price of a barrel of oil in the public budget as a result of global fluctuations in its prices, while stressing that pricing it at $40 is reasonable.
Al-Jawahiri said in an interview with Al-Sumaria News, that "there are many indicators and factors for the rise in oil prices globally, including the Russian-Ukrainian war, the seizure of oil tankers in [You must be registered and logged in to see this link.], in addition to the rise in dollar prices, but prices began to decline gradually without knowing the reasons," stressing that "the risk By placing a large figure for the price of a barrel of oil in the budget, it may lead us to a new disaster.
He added, "Pricing a barrel of oil at $40 is a reasonable price and a guarantee for oil fluctuations and prices in the global market."
He continued, "[You must be registered and logged in to see this link.] is a rentier country par excellence, and pricing a barrel of oil more than 40-45 is very dangerous, given what is happening in the global market now."
In addition, a member of the Parliamentary Oil and Gas Committee, [url=https://www.alsumaria.tv/Entity/1893661533/%D8%B2%D9%8A%D9%86%D8%A8 %D8%A7%D9%84%D9%85%D9%88%D8%B3%D9%88%D9%8A/ar/]Zainab al-Moussawi[/url], confirmed to [url=https://www.alsumaria.tv/Entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria News[/url] that "the price of a barrel of oil in the general budget will be at 45 dollars."
Earlier, the Parliamentary Finance Committee said, "The price of a barrel of oil amounted to 45 dollars in the 2021 budget, and the [url=https://www.alsumaria.tv/Entity/3238106360/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9/ar/]Ministry of Finance[/url] suggested that the price of a barrel of oil in the 2023 budget be between (60 to 65) dollars."
[rtl]Related articles[/rtl]
[rtl][You must be registered and logged in to see this link.]
[ltr]05:14 | 2022-03-4[/ltr][/rtl]
[rtl][You must be registered and logged in to see this link.]
[ltr]11:47 | 2022-03-1[/ltr][/rtl]
[rtl][You must be registered and logged in to see this link.]
[ltr]23:54 | 2022-12-8[/ltr][/rtl]
She added, "The mechanism for calculating the budget is done by multiplying the price of a barrel of oil, which is 65 dollars, by the amount of daily Iraqi exports amounting to 3 million and 250 thousand barrels at the current exchange rate of 1450 dollars, so that the result is about 110 trillion dinars, in addition to other imports from communications, tax and customs." And taxation so that we reach 140 trillion dinars.
She indicated that "65% of the budget will be operational, which includes salaries and consumption, and 35% of it will be for the investment side, such as ongoing, lagging, and new infrastructure projects."
And she continued, "The House of Representatives may give its opinion so that the price of a barrel of oil in the budget is acceptable without being affected by a drop in the price of oil," warning against "an overestimation of the price of a barrel of oil in the budget."
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