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The Iraqi economy is awaiting recovery due to winter and the continuation of the war in Ukraine
- Time: 09/08/2023 10:49:26
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{Economic: Al-Furat News} The Iraqi economy is expected to recover during the winter period due to the demand for oil from Europe with the continuation of the Russian-Ukrainian war.
The financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, told Al-Furat News Agency: “It is expected that the budget for the next two years will maintain its constants and its preventive and precautionary measures regarding the development of prices in oil markets and its relationship to the hypothetical deficit, especially for the fiscal year 2024.”
He added: "As the Northern Hemisphere is on the verge of a high demand to build stocks to face the winter, and the indicators of the war in Ukraine indicate its continuation, and the (OPEC Plus) group is also continuing the policy of determining the quantities produced to maintain prices for exported oil commensurate with the stability of revenues." their countries' financial budgets.
Raghad Dahham
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{Economic: Al-Furat News} The Iraqi economy is expected to recover during the winter period due to the demand for oil from Europe with the continuation of the Russian-Ukrainian war.
The financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, told Al-Furat News Agency: “It is expected that the budget for the next two years will maintain its constants and its preventive and precautionary measures regarding the development of prices in oil markets and its relationship to the hypothetical deficit, especially for the fiscal year 2024.”
He added: "As the Northern Hemisphere is on the verge of a high demand to build stocks to face the winter, and the indicators of the war in Ukraine indicate its continuation, and the (OPEC Plus) group is also continuing the policy of determining the quantities produced to maintain prices for exported oil commensurate with the stability of revenues." their countries' financial budgets.
Raghad Dahham
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