Economic Adviser to the Prime Minister Dr. confirmed. The appearance of Mohammed Saleh, said the sale of a barrel of oil cut in the federal budget price of $ 60 to $ 56 by four dollars per barrel is a sound, realistic and Segnibna dangerous possibilities of lower oil prices.
Saleh said, in a press statement that the calculation of the price of oil by $ 56 per barrel, the price is close to the expectations of economists, a wise and close to the step of the likelihood of decline in global oil prices, "noting that the Finance Committee has examined the issue in good relied on accurate reporting of the adoption of this figure." .
Saleh added that "this action is very suitable to what Iraq is going through, especially the economic situation and that there is a war cost the government a lot of economic costs," expected "improvement in global oil prices by the coming months, and Iraq will overcome this crisis soon."
He was a member of the Finance Committee in the House of Representatives Faleh force emphasized that "the Commission has taken the decision to reduce the price of a barrel of oil in the federal budget for the fiscal revenue and realistic figures, having seen the price drop in global markets."
He added that the force "of the Finance Committee and to prevent the rise in the fiscal deficit in the balancing project after the sale to reduce oil prices to $ 56 decided to cut for every one dollar of the price of a barrel cut 1.3 trillion dinars."
Finance Committee and announced in the House of Representatives Wednesday, the last cut 5 trillion dinars from the fiscal deficit in the budget of 2015, but indicated that the deficit is still high due to the very low prices to sell oil.
Finance Committee also confirmed not selected financial number within 17% of the budget financial counterbalance the Kurdistan region, noting that the province will receive a financial budget in the form of monthly payments in accordance with Financial's revenues Almthakqh.anthy 9
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