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Bahr al-Ulum calls for calculating the price of a barrel to $ 65 in order to avoid a budget deficit in
November 12, 2014
And called on the former oil minister and MP for the mass of the citizen Ibrahim Bahr al-Ulum, Wednesday, Parliament to calculate the price of $ 65 a barrel in 2015 budget in order to avoid crises in oil prices.
Bahr al-Ulum said for "tomorrow Press", "The drop in oil prices and a decline in Iraq's exports cause a deficit in the budget of 2014 by 27 trillion dinars and the government will not cover it, but 25%, which is looking for other sources to cover the deficit."
"The oil ministers of finance, planning and stressed that the government will not affect the salaries of employees belong to any party or citizen despite austerity followed by the government and the presence of a financial crisis in Iraq," predicted that "the impact of the decline to continue next year."
Bahr al-Ulum said that "oil prices in the budget of 2015 must be built on objective prices calculates the price per barrel to $ 65 export capacity of up to three million barrels per day," and urged to "reduce petty ministries, petty cash and allocations of special grades and ministers as one of the ways to reduce costs and bridging the deficit." .
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November 12, 2014
And called on the former oil minister and MP for the mass of the citizen Ibrahim Bahr al-Ulum, Wednesday, Parliament to calculate the price of $ 65 a barrel in 2015 budget in order to avoid crises in oil prices.
Bahr al-Ulum said for "tomorrow Press", "The drop in oil prices and a decline in Iraq's exports cause a deficit in the budget of 2014 by 27 trillion dinars and the government will not cover it, but 25%, which is looking for other sources to cover the deficit."
"The oil ministers of finance, planning and stressed that the government will not affect the salaries of employees belong to any party or citizen despite austerity followed by the government and the presence of a financial crisis in Iraq," predicted that "the impact of the decline to continue next year."
Bahr al-Ulum said that "oil prices in the budget of 2015 must be built on objective prices calculates the price per barrel to $ 65 export capacity of up to three million barrels per day," and urged to "reduce petty ministries, petty cash and allocations of special grades and ministers as one of the ways to reduce costs and bridging the deficit." .
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