Economist: rise witnessed by the oil will reduce the deficit and limiting the economic crisis

by **Rocky** Wed 09 Mar 2016, 4:02 am

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Economist: rise witnessed by the oil will reduce the deficit and limiting the economic crisis

by Rocky Wed 09 Mar 2016, 4:02 am

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Economist: rise witnessed by the oil will reduce the deficit and limiting the economic crisis

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[rtl]History of edits:: 3.9.2016 10:05 • 310 visits readable[/rtl]

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{Baghdad: Euphrates News} stressed the economic expert on behalf of Jamil Antoine, the rise witnessed in oil prices, will reduce the budget deficit.
He said Antoine told {Euphrates News} said, "any rise in oil prices no matter how or increase in the amount of pumping and Marketing will work to reduce the existing budget deficit, and reduce the external and internal debt which it enters Iraq, and be helpful for the country in such a situation to ease crisis asphyxiating we are experiencing at the present time ".
He pointed out that" the Iraqi budget , living in a big deficit exceeds 15% of thesupport of GDP, was up to more than $ 30 million, and the main reason is due to lower oil prices. "
on the rise witnessed in the prices oil, whether positive indicator to reduce theseverity of the economic crisis, Antoine said : "certainly, it is a good sign .. We hope to be aware of the rest of the OPEC members to the importance of the agreement and the unification of prices and reduce the supply to demand is more than supply and lead to higher even partial oil prices."
he predicted "slightly higher oil prices from now to the end of this year," adding that " the price per barrel will not grow to proportions that we aspire her but no improvement in prices and any agreement takes place between OPEC producers to reduce the width between OPEC and non - OPEC will improve Iraq - producing countries and private rentier status them. "
and saw oil prices during the previous days rose slightly, reaching yesterday to $ 40 a barrel, after it posted last January lows over 12 years, at a price of $ 29 a barrel.
the oil minister Adel Abdul - Mahdi, said on the first of March this, that "oil prices witnessed over the past weeks , a significant increase, it is closer to $ 37 / barrel, after it was six weeks less than $ 27 / barrel before .. , an increase of $ 10 a barrel, and that means for Iraq , according to the current export rates increase in themonthly resources by a billion dollars, is the need it most. "
and Abdel Mahdi said" the most important improvement in price factors is themeetings that I got to freeze the output states of "OPEC" and beyond, both in Doha between Russia and Saudi Arabia, Venezuela, Qatar, or in Tehran between Iran and Iraq Venezuela and Qatar, and the idea of calling for an emergency meeting in the middle of this month, and that that has been agreed upon, the most important themes is to control the markets again. "
the, Saudi Arabia, Russia, Qatar and Venezuela agreed after a ministerial meeting in Doha on the freezing of its oil production when January last levels of the condition of other producers commitment Bzlk.anthy

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