- Today 17:49
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that the acceptable average oil price indicated by the Prime Minister, Muhammad Shia al-Sudani, is between 85-95 dollars, which would reduce the financial deficit and achieve sufficient balance and guarantees for spending on development and reconstruction projects. .
Saleh said in an interview followed by Al-Maalouma, “The average price of a barrel of oil that the Prime Minister referred to is about 15 to 20 dollars higher than what is in the state’s general budget for the three fiscal years 2023-2024-2025, and if it continues, it will reduce the planned financial deficit.”
He added, "This price brings the budget closer to balance and achieves sufficient guarantees for spending on development and reconstruction projects through the financial sustainability it provides for Iraq in particular and stable growth in global energy demand in general."
Saleh noted, "It is clear that it is Iraq's vision that it will defend through its active role in OPEC to bring balance and stability to the global economy."
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