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The default price of oil in the budget supports the productive sectors
8/30/2016 0:00
[rtl]BAGHDAD - Mostafa Hashemi ,
Iraq has begun the actual move towards resorting to activate the productive sectors which would reduce dependence on oil in the economy moving recently to resort to thegranting of credits for projects.
And resulted in a move by the adoption rate Default $ 35 for a barrel of oil in the budget year 2017 in order to avoid problems arising a decline in oil prices, given that prices arecurrently in the range 45 - $ 50 per barrel, while forecast to rise in oil prices over thenext year to around $ 60 a barrel.
in this regard between economic researcher Firas Amer importance of the unpredictability of the global oil market and linked to the events associated with the the construction price of a barrel of oil in the budget by noting the role of the increases in production and the rate of supply , along with the growth rates in the countries of emerging economies, such as Brazil, India, China and Russia in it, and taking into consideration theimportance of focusing on taking financial precautions to avoid the country a financial shocks , as happened in this budget year. He said Aamir in an interview with «morning» that move hard to activate the productive sectors, though he has been slow, but the results can be achieved by the end of next year, stressing the need to activate the other financial sectors of customs such as fees and taxes to support the private sector and most importantly put controls and increase restrictions, especially those that the Iraqi private sector has the ability to output of imported materials.
saw Amer to reduce the default price per barrel in the budget can promise a good sign of the shift toward private sector involvement in the development , which would reduce dependence on oil as a resource unilateral budget process, noting that Iraq It has theingredients of economic renaissance if Wajid resources owned by the administration.[/rtl]
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