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MP: drop the price of a barrel of oil cost one dollar state budget of $ 3 million a day
December 18, 2014, 14:11
BAGHDAD - ((eighth day))
Deputy in the Iraqi parliament and a member of the Parliamentary Finance Committee Jabbar Abdul Khaliq said that the continuing decline in oil prices will lead to a reduction of the budget next year to unexpected numbers will include reducing the sovereign and investment expenditure major strategic projects.
Said Abdul Khaliq said Iraq would be the most affected countries from falling oil prices because it depends entirely on its income on oil for asylum Iraqi government to cut unnecessary expenses and expenses of luxury and sovereign to face the damage to the general budget of the Federal 2015 because of low oil prices in the global market. "
He explained that "the price of a barrel of oil falling to one dollar it costs the state budget loss is estimated at about $ 3 million a day."
He Jabbar Abdul Khaliq "There is the idea of the Iraqi government to cut the cash reserve banking for Rosetta and Mesopotamia from 15 percent to half of the currency to address the global oil price crisis because the government cut the cash reserve of the two banks will provide the amount of six billion dollars.
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December 18, 2014, 14:11
BAGHDAD - ((eighth day))
Deputy in the Iraqi parliament and a member of the Parliamentary Finance Committee Jabbar Abdul Khaliq said that the continuing decline in oil prices will lead to a reduction of the budget next year to unexpected numbers will include reducing the sovereign and investment expenditure major strategic projects.
Said Abdul Khaliq said Iraq would be the most affected countries from falling oil prices because it depends entirely on its income on oil for asylum Iraqi government to cut unnecessary expenses and expenses of luxury and sovereign to face the damage to the general budget of the Federal 2015 because of low oil prices in the global market. "
He explained that "the price of a barrel of oil falling to one dollar it costs the state budget loss is estimated at about $ 3 million a day."
He Jabbar Abdul Khaliq "There is the idea of the Iraqi government to cut the cash reserve banking for Rosetta and Mesopotamia from 15 percent to half of the currency to address the global oil price crisis because the government cut the cash reserve of the two banks will provide the amount of six billion dollars.
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