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[rtl]History of edits:: 9/18/2016 20:39 • 154 visits readable[/rtl]
{Baghdad: Euphrates News} saw former oil minister Adel Abdul-Mahdi, said the lifting of the oil price estimates in the budget of 2017 of $ 35 to $ 42 will raise the expenditure figures without real exchange them.
She said Abdul - Mahdi said in a statement received by the agency {Euphrates News} a copy of it today , "ask some brothers 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 agood proposal or bad? Our answer a minor, is that the difference of $ 7, according to the assumed rate of exports in the budget estimates of $ 3.88 million / barrels / day would mean an increase of $ 9.9 billion will be added to the door of public imports. "
he explained that" the increase can turn into a real and useful amount , or just aninflationary amount does not differ from that of issuing paper currency without any cover. has turned into a real amount if global crude settled up 50 D.b.a. and thehighest in 2017, this estimate is not without realistic, also indicate a lot of reports, especially if efforts succeeded in the next meeting of Algeria to freeze production rates, also hints that Russian statements, and with the information that Iran will grant some exceptions to ensure the success of the deal as part of a "cartel" and some producing countries outside it . the problem is that the agreement is good these countries will help the stability of the markets, may contribute to the natural increase annual oil consumption is estimated at B1.25-1.5m.b.a soak up some excess inventories, will be strengthened and that it got a relative improvement in theglobal economy growth rates, and thus to improve the price, you need many countries to resolve the current tragic situations, including Iraq .. but if it helped improve prices to raise the shale oil production rates and sandy and the rest of other energy sources , non - traditional. "
He continued , " the beneficiary foundation will be countries and producers who have invested in technology .. This will help prices to the return of many fields closed because of low prices .. thus the arrival of extra oil to the markets stressful on prices downward, especially with the survival of the economic recession Alaalmi.lasima that has not seen the global economy. If oil prices continue at current rates it headed downward, increasing $ 9.9 billion on the budget would be only amatter of digital and will lead to two conclusions. The first will raise the expenditure figures without real exchange them, and will continue to pressure on the Ministry ofFinance by the ministries of Finance and units stringent that dedicated her money, but the financial refuses dispensing, and caused real is the lack of money on mostly. "
He noted that" the second result is disbursed currency is not an economic basis toit, which will increase the high deficit , which form the basis of more than 30% of theproposed budget, as well as relying on the internal and external borrowing, and will increase this whole financial and inflationary burden, which would be borne by theowners with limited income basically, and will increase imports of continued weak sectors real output, and that if they were found to have been possible discussion that inflationary gap fill later in the process to encourage production, and this followed Bhrtha policy terms and conditions.
the seal Abdul - Mahdi said : "the increase of 9.9 billion dollars that they will help reimburse the oil companies and some capital projects this order It would be useful and positive, and reassure companies that their dues would be paid and will maintain its production plans to increase production , which will be increased by 200 000 / barrels / day, this would mean increased income at the rate of $ 2.5 billion ayear , almost even at the price of $ 35 / barrel .. In addition to the possibility ofimplementing the 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 bemet with the inflationary gap real resources come later. Otherwise the whole, the addition of figures is justified 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 ".anthy
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Abdul-Mahdi: raise the price of oil in the budget will raise the expenditure figures without real exchange them
[/rtl][rtl]History of edits:: 9/18/2016 20:39 • 154 visits readable[/rtl]
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[rtl]{Baghdad: Euphrates News} saw former oil minister Adel Abdul-Mahdi, said the lifting of the oil price estimates in the budget of 2017 of $ 35 to $ 42 will raise the expenditure figures without real exchange them.
She said Abdul - Mahdi said in a statement received by the agency {Euphrates News} a copy of it today , "ask some brothers 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 agood proposal or bad? Our answer a minor, is that the difference of $ 7, according to the assumed rate of exports in the budget estimates of $ 3.88 million / barrels / day would mean an increase of $ 9.9 billion will be added to the door of public imports. "
he explained that" the increase can turn into a real and useful amount , or just aninflationary amount does not differ from that of issuing paper currency without any cover. has turned into a real amount if global crude settled up 50 D.b.a. and thehighest in 2017, this estimate is not without realistic, also indicate a lot of reports, especially if efforts succeeded in the next meeting of Algeria to freeze production rates, also hints that Russian statements, and with the information that Iran will grant some exceptions to ensure the success of the deal as part of a "cartel" and some producing countries outside it . the problem is that the agreement is good these countries will help the stability of the markets, may contribute to the natural increase annual oil consumption is estimated at B1.25-1.5m.b.a soak up some excess inventories, will be strengthened and that it got a relative improvement in theglobal economy growth rates, and thus to improve the price, you need many countries to resolve the current tragic situations, including Iraq .. but if it helped improve prices to raise the shale oil production rates and sandy and the rest of other energy sources , non - traditional. "
He continued , " the beneficiary foundation will be countries and producers who have invested in technology .. This will help prices to the return of many fields closed because of low prices .. thus the arrival of extra oil to the markets stressful on prices downward, especially with the survival of the economic recession Alaalmi.lasima that has not seen the global economy. If oil prices continue at current rates it headed downward, increasing $ 9.9 billion on the budget would be only amatter of digital and will lead to two conclusions. The first will raise the expenditure figures without real exchange them, and will continue to pressure on the Ministry ofFinance by the ministries of Finance and units stringent that dedicated her money, but the financial refuses dispensing, and caused real is the lack of money on mostly. "
He noted that" the second result is disbursed currency is not an economic basis toit, which will increase the high deficit , which form the basis of more than 30% of theproposed budget, as well as relying on the internal and external borrowing, and will increase this whole financial and inflationary burden, which would be borne by theowners with limited income basically, and will increase imports of continued weak sectors real output, and that if they were found to have been possible discussion that inflationary gap fill later in the process to encourage production, and this followed Bhrtha policy terms and conditions.
the seal Abdul - Mahdi said : "the increase of 9.9 billion dollars that they will help reimburse the oil companies and some capital projects this order It would be useful and positive, and reassure companies that their dues would be paid and will maintain its production plans to increase production , which will be increased by 200 000 / barrels / day, this would mean increased income at the rate of $ 2.5 billion ayear , almost even at the price of $ 35 / barrel .. In addition to the possibility ofimplementing the 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 bemet with the inflationary gap real resources come later. Otherwise the whole, the addition of figures is justified 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 ".anthy
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