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An economist diagnoses a major imbalance in the budget

Rocky

Rocky: Admin Assist; Posts : 280906
Join date : 2012-12-21

Post n°1

An economist diagnoses a major imbalance in the budget

by Rocky Tue 21 Mar 2023, 5:31 am

[size=52]An economist diagnoses a major imbalance in the budget[/size]

Today 09:54
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Information / Baghdad..
Today, Tuesday, the economic expert, Abd al-Rahman al-Sheikhli, identified a defect in the preparation of the draft general budget law for the fiscal year 2023.
Al-Sheikhly told Al-Maalouma, that "Whoever prepared the current budget made a mistake when he set the price of a barrel of oil in it at $70, because the current cost of extracting it is much higher than the selling price, which will increase the size of the deficit and not extinguish it."
He added, "The Iraqi external and internal debt to Iraq is very large, and it was supposed to set a price between 55-60 dollars per barrel of oil in order to be a wide area to fill the deficit."
Al-Sheikhly indicated, "The price of a barrel of oil in the 2023 budget will force the current government to borrow more, especially if there are no multiple sources of funding." Ended / 25 s
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