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[rtl]Economist: Iraq's budget is facing a major dilemma, and the reason is...[/rtl]
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[rtl]Baghdad - Iraq today:
Economist Nabil Al-Marsoumi warned of the repercussions of the drop in global oil prices on the Iraqi financial budget for the year 2023.[/rtl]
[rtl]Al-Marsoumi said in a statement, "The drop in the price of Brent crude to $72 confuses the financial accounts in Iraq because the selling price of Iraqi oil has become slightly more than the estimated price in the budget set at $70."[/rtl]
[rtl]He pointed out, "The cessation of oil exports from the Kurdistan region and Kirkuk puts the budget in a severe dilemma because it throws half a million barrels out of the budget."
And Al-Marsoumi added, "Iraq's commitment to OPEC Plus cuts, which amount to 431,000 barrels per day, makes public finances under a hot plate," as he put it.[/rtl]
[rtl]And the economist asked: "Should we say goodbye to the rising oil price wave and the financial surpluses that we did not deal with well? Will we soon enter the austerity season as we enter the summer season?"[/rtl]
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