Home
Energy Committee: adoption of the budget at $ 60 a barrel compromise to avoid deficit
December 24, 2014, 17:03
BAGHDAD - ((eighth day))
Said committee member of the parliamentary energy Razak Mheibes that the budget's reliance on $ 60 a barrel compromise to avoid deficit and a downward trend in world oil prices.
He Mheibes told ((eighth day)): the drop in world oil prices below $ 60 would lead to a significant deficit in the 2015 budget.
He said the adoption of this figure is a compromise to avoid in the budget deficit and to address the deteriorating situation of oil prices in the global market without the $ 60 leads to an imbalance in the federal budget for the 2015 budget full of spending and commitment between the government and the people and therefore can not be compromising the spending of the obligations entered between the government and the size of and the people because they are all important and can not be compromised as it relates to the daily lives of citizens direct and close correlation.
He noted that the present economic weakness and the evidence for that is the Iraqi budget's dependence on oil only and the adoption of the budget on the evidence of oil on the existence of economic weakness and weakness in the economic development of Iraq and not to rely on natural resources and other minerals in Iraq of gold, phosphate, sulfur and other minerals and non-activation of other sectors such as agriculture and industry must do so on the Iraqi economy Yibna powerful, multi-pillars through which Iraq can overcome any ordeal faced or overcome any obstacle.
[You must be registered and logged in to see this link.]
December 24, 2014, 17:03
BAGHDAD - ((eighth day))
Said committee member of the parliamentary energy Razak Mheibes that the budget's reliance on $ 60 a barrel compromise to avoid deficit and a downward trend in world oil prices.
He Mheibes told ((eighth day)): the drop in world oil prices below $ 60 would lead to a significant deficit in the 2015 budget.
He said the adoption of this figure is a compromise to avoid in the budget deficit and to address the deteriorating situation of oil prices in the global market without the $ 60 leads to an imbalance in the federal budget for the 2015 budget full of spending and commitment between the government and the people and therefore can not be compromising the spending of the obligations entered between the government and the size of and the people because they are all important and can not be compromised as it relates to the daily lives of citizens direct and close correlation.
He noted that the present economic weakness and the evidence for that is the Iraqi budget's dependence on oil only and the adoption of the budget on the evidence of oil on the existence of economic weakness and weakness in the economic development of Iraq and not to rely on natural resources and other minerals in Iraq of gold, phosphate, sulfur and other minerals and non-activation of other sectors such as agriculture and industry must do so on the Iraqi economy Yibna powerful, multi-pillars through which Iraq can overcome any ordeal faced or overcome any obstacle.
[You must be registered and logged in to see this link.]
