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Consultant-Abadi: going down the barrel from the $ 60 c pressure on State expenditures
07-01-2015 02:02 PM
Economic Advisor to the Prime Minister, Mohammed Saleh, to look down the barrel from 60 dollars would cause great pressure on government spending.
Saleh said in a press statement, obtained by (newsletter), that: ' the oil price volatility irritated House on price decision to balance the 2015 ', adding that the price of 60 dollars a barrel is appropriate and would reduce pressure on government spending.
He called for the Government and the oil Ministry efforts to compensate oil export volumes more than the selected number of budget 3 .3 million barrels, adding that Baghdad's agreement with the territory of Iraq oil exports.He continued, the House has no right to reduce the budget but transfer exchange between doors ', calling for a study of all domestic and foreign conditions in replacing the budget.
The House on Wednesday held the first meeting of the second legislative season to read public budget law read again, having read the first reading at the special meeting of the Board held in 25 of the last month.The Cabinet voted on the budget for next year, amounting to 125 trillion from the deficit 25 trillion dinars with reduced amounts of oil-producing provinces of $ 5 per barrel to $ or $ 2 on the basis of the price of a barrel of oil at $ 60.
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07-01-2015 02:02 PM
Economic Advisor to the Prime Minister, Mohammed Saleh, to look down the barrel from 60 dollars would cause great pressure on government spending.
Saleh said in a press statement, obtained by (newsletter), that: ' the oil price volatility irritated House on price decision to balance the 2015 ', adding that the price of 60 dollars a barrel is appropriate and would reduce pressure on government spending.
He called for the Government and the oil Ministry efforts to compensate oil export volumes more than the selected number of budget 3 .3 million barrels, adding that Baghdad's agreement with the territory of Iraq oil exports.He continued, the House has no right to reduce the budget but transfer exchange between doors ', calling for a study of all domestic and foreign conditions in replacing the budget.
The House on Wednesday held the first meeting of the second legislative season to read public budget law read again, having read the first reading at the special meeting of the Board held in 25 of the last month.The Cabinet voted on the budget for next year, amounting to 125 trillion from the deficit 25 trillion dinars with reduced amounts of oil-producing provinces of $ 5 per barrel to $ or $ 2 on the basis of the price of a barrel of oil at $ 60.
[You must be registered and logged in to see this link.]
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