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[size=38]Counselor Mazhar Salih: Budget discipline is necessary to avoid a drop in oil prices[/size]
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May 6, 2023[You must be registered and logged in to see this link.]
Baghdad / Obelisk Al-Hadath: The appearance of Muhammad Salih, the financial advisor to the Prime Minister, Muhammad Shia' al-Sudani, confirmed that the draft financial budget law is "conservative."
Saleh said, in a statement to Al-Masalla, that "the budget is conservative at an oil price of $70 a barrel, and the important point is that he will spend more than half of the year for the financial life of Iraq, and he sells for more than $70."
However, he added, "However, there are risks from a drop in prices to less than $70, so the budget must tighten its discipline more and the most important is presented with regard to expenditures," noting that "price fluctuations remain possibilities."
Saleh pointed out that "the risks will continue to decrease oil prices for months to more than $70 a barrel."
A member of the Parliamentary Finance Committee, Jamal Cougar, said that the decline in oil prices in global markets contradicted the government's expectations in preparing the draft financial budget law.
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