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[size=52]Parliamentary Finance reveals the effects of the increase in oil prices and its difference in the 2023 and 2024 budgets[/size]
[size=45]Member of the Finance Committee in the Iraqi Council of Representatives, Mustafa Al-Karawi, revealed the effects of the increase in the price of oil and its difference in the 2023 and 2024 budgets, while he spoke about the fate of the revenues from the difference in the price of a barrel, which is approaching the $10 mark for each barrel sold.[/size]
[size=45]Al-Karawi said, “90 percent of the country’s revenues depend primarily on oil, and the more oil revenues or the price of a barrel of oil increase, the lower the expected deficit in Iraq’s budget.”[/size]
[size=45]He added, "There is no big difference between the 2023-2024 budgets, as the government relied on a price difference of about $10 if it built its budget on $70 per barrel and expected the current price of $80 per barrel."[/size]
[size=45]Al-Karawi explained that “the increase in oil revenues will contribute to bridging the deficit, and since the expected difference is $10, the deficit coverage will be 16 trillion dinars in the 2024 budget.”[/size]
[size=45]It is noteworthy that Iraq sells about four million and 250 thousand barrels of oil per day, and needs about 54 trillion dinars in salaries, as the 2024 budget was approved at a fixed price of $70 per barrel, while the current price of a barrel is $90, which reflects the fluctuations of the oil market.[/size]
[size=45][You must be registered and logged in to see this link.]
[size=52]Parliamentary Finance reveals the effects of the increase in oil prices and its difference in the 2023 and 2024 budgets[/size]
[size=45]Member of the Finance Committee in the Iraqi Council of Representatives, Mustafa Al-Karawi, revealed the effects of the increase in the price of oil and its difference in the 2023 and 2024 budgets, while he spoke about the fate of the revenues from the difference in the price of a barrel, which is approaching the $10 mark for each barrel sold.[/size]
[size=45]Al-Karawi said, “90 percent of the country’s revenues depend primarily on oil, and the more oil revenues or the price of a barrel of oil increase, the lower the expected deficit in Iraq’s budget.”[/size]
[size=45]He added, "There is no big difference between the 2023-2024 budgets, as the government relied on a price difference of about $10 if it built its budget on $70 per barrel and expected the current price of $80 per barrel."[/size]
[size=45]Al-Karawi explained that “the increase in oil revenues will contribute to bridging the deficit, and since the expected difference is $10, the deficit coverage will be 16 trillion dinars in the 2024 budget.”[/size]
[size=45]It is noteworthy that Iraq sells about four million and 250 thousand barrels of oil per day, and needs about 54 trillion dinars in salaries, as the 2024 budget was approved at a fixed price of $70 per barrel, while the current price of a barrel is $90, which reflects the fluctuations of the oil market.[/size]
[size=45][You must be registered and logged in to see this link.]
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