Finance will propose a budget of $ 100 billion, based on $ 70 oi

Finance will propose a budget of $ 100 billion, based on $ 70 oil


WEDNESDAY, NOVEMBER 2 / NOVEMBER 26, 2014


Twilight News Finance Minister Hoshiyar Zebari / said Wednesday that the government will soon proposed budget for 2015 of $ 100 billion, based on a price of $ 70 per barrel of oil.
oil%20drilling%20at%20sunset525.jpgReuters quoted a statement seen by "Twilight News" Zebari as saying, "We propose budget of $ 100 billion. This is to be expected."
"We have built our expectations based on the price of about $ 70 a barrel. This has changed. There are no assurances or guarantees."
Oil prices have recently tumbled below $ 80 per barrel, down from about $ 120 a barrel a few months ago.
Iraq relies on oil imports to finance 95 percent of its budget. The country exports about 2.5 million barrels per day.


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Hoshyar Zebari: 2015 budget we will propose $ 100 billion



7:22: 11/26/2014


Khandan - Minister of Finance announced in the federal government, Hoshyar Zebari, it will be submitted to the government soon, the budget proposed for 2015 worth $ 100 billion based on a price of $ 70 per barrel of oil. Zebari said in remarks told Reuters: "We propose budget of $ 100 billion. This is to be expected. " The Minister of Finance, "We built our expectations based on the price of about $ 70 a barrel has changed. There are no assurances or guarantees." The Iraqi Oil Minister Adel Abdel Mahdi told Parliament earlier, he expected based on budget 2015 $ 80 price for a barrel of crude.


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