Abdul-Mahdi: raise the estimated price of a barrel of oil in 2017 budget could cause a "negative asp

[ltr]Abdul-Mahdi: raise the estimated price of a barrel of oil in 2017 budget could cause a "negative aspects"[/ltr]

 Since 18/09/2016 19:13 pm (Baghdad time)
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[ltr]Scales News - Follow-up[/ltr]
[ltr]Former Oil Minister Adel Abdul-Mahdi, Sunday, that the proposal to raise the estimated price of a barrel of oil in the budget next year from 35 in 2017 to $ 42 may cause a "negative aspects" in the budget.[/ltr]
[ltr]Mahdi said in a statement received / balances News /, copy it, that "some of the brothers posed a question that, that in recent meetings in Amman, and in agreement with the International Monetary Fund has been proposed to raise the oil price estimates in the budget of 2017 of $ 35 to $ 42 Will the proposed good or bad? ", pointing out that" the difference of $ 7, according to the assumed rate of exports in the budget estimates of 3.88 million barrels per day, would mean an increase of $ 9.9 billion will be added to the door of public imports. "[/ltr]
[ltr]He said Abdul-Mahdi, that "the increase can turn into a real and useful amount, or just an inflationary amount does not differ from that of issuing paper currency without any cover, it turns into a real amount if global crude settled up 50 D.b.a. and the highest in 2017, this estimate is not without realistic, also it indicates a lot of reports, "adding that" oil prices if it continues at current rates headed downward, increased $ 9.9 billion on the budget will be the only digital issue. "[/ltr]
[ltr]He pointed out that "an increase of 9.9 billion dollars that they will help reimburse the oil companies and some capital projects, this matter would be beneficial and positive, and reassure companies that their dues would be paid and will maintain its production plans to increase production, which will provide, that has risen at a rate of 200,000 barrels per day, an increase income at a rate of $ 2.5 billion a year, almost even at the price of $ 35 a barrel, adding to the possibility of implementing some of the projects produced Kmcefy Karbala or other, and that will contribute to the provision of additional resources for the country .. and so will be met with the inflationary gap real resources come later. "[/ltr]
[ltr]He continued that "otherwise the whole, the addition of an unjustified figures economically on the budget, which does not move real production, it will not only mean increased expenses, higher prices and increased imports, debt, waste, corruption and all negative aspects that led to it budgets prosthetic." It ended 29/9 P[/ltr]
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