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Economists: the government may resort to address the price decline increase oil production to meet the cash shortfall
BAGHDAD / Source News / .. confirmed the appearance of Mohammed Saleh, an economic advisor to the Prime Minister, for "a government directed to address the price decline in the quantities of oil production during a visit to meet the financial shortfall."
He reiterated a statement by the Agency / Source News / that the "Committee of Five ministerial end of the budget bill in the coming days."
The Oil Ministry has announced the preliminary statistical oil exports for the month of November last, which has achieved a rise in the average daily quantities of exported crude oil compared to previous months, reaching an average of 2.51 million barrels a sale price of $ 70.4 per barrel.
He said Saleh, said that "oil estimates in the budget next year will be correct, but differ from the previous year's budget estimates were inaccurate." He also points out that "alternatives that would resort to the government to cover the deficit in the consolidation of some resources, such as fees and taxes to get the revenue that possible raise the size of the income."
Saleh revealed that the "tax the size of the budget year 2014 up to $ 1.5 billion," saying it was "a few but does not pose a thing," and predicted that "the higher tax rate in the upcoming budget to 2%, accounting for with 10% of the size of the gross domestic product."
In turn calls Bassem Jamil Anton, the government's economic expert to "activate of industrial, health and tourism sector and the private sector to run a large number of hands working for the elimination of low oil prices," stressing that "This move will reduce the dependence on oil revenues."
Anton reveals that "Iraq imported consumer goods 75 billion dollars a year and therefore, the activation of the private sector will reduce the size and this will reduce poverty rates by up to 30% after the recent wave of displacement and migration."
Economist warns of lead falling oil prices to the investment sector stopped and sustainable development, and saw that it "will lead to a rise in population and a decline in per capita income, as well as the impact on the building of schools and hospitals."
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BAGHDAD / Source News / .. confirmed the appearance of Mohammed Saleh, an economic advisor to the Prime Minister, for "a government directed to address the price decline in the quantities of oil production during a visit to meet the financial shortfall."
He reiterated a statement by the Agency / Source News / that the "Committee of Five ministerial end of the budget bill in the coming days."
The Oil Ministry has announced the preliminary statistical oil exports for the month of November last, which has achieved a rise in the average daily quantities of exported crude oil compared to previous months, reaching an average of 2.51 million barrels a sale price of $ 70.4 per barrel.
He said Saleh, said that "oil estimates in the budget next year will be correct, but differ from the previous year's budget estimates were inaccurate." He also points out that "alternatives that would resort to the government to cover the deficit in the consolidation of some resources, such as fees and taxes to get the revenue that possible raise the size of the income."
Saleh revealed that the "tax the size of the budget year 2014 up to $ 1.5 billion," saying it was "a few but does not pose a thing," and predicted that "the higher tax rate in the upcoming budget to 2%, accounting for with 10% of the size of the gross domestic product."
In turn calls Bassem Jamil Anton, the government's economic expert to "activate of industrial, health and tourism sector and the private sector to run a large number of hands working for the elimination of low oil prices," stressing that "This move will reduce the dependence on oil revenues."
Anton reveals that "Iraq imported consumer goods 75 billion dollars a year and therefore, the activation of the private sector will reduce the size and this will reduce poverty rates by up to 30% after the recent wave of displacement and migration."
Economist warns of lead falling oil prices to the investment sector stopped and sustainable development, and saw that it "will lead to a rise in population and a decline in per capita income, as well as the impact on the building of schools and hospitals."
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