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Discuss the implications of falling oil prices on the budget
BAGHDAD / Obelisk: Parliamentary Finance Committee confirmed, on Friday, not to resolve the final value of the balance due to the continued decline in oil prices, as she noted that she will meet with Minister of Oil, Adel Abdul Mahdi, on Saturday, to discuss the implications of the continued decline in oil prices on the budget.
A member of the committee MP Mohammed capable "The Finance Committee has not been resolved after the total value of the budget as well as determine the final fiscal deficit, due to falling oil prices in the global markets," noting that "the doors to be reduced not also be resolved."
He said Mohammed, that "the Commission plans to meet with Minister of Oil, Adel Abdul Mahdi, tomorrow, Saturday, to discuss the continued decline in global oil prices and their impact on the budget," noting that "the meeting will also discuss oil production volumes and a mechanism to improve the increase in production, as well as oil sales and internal derivatives."
Said Oil Minister Adel Abdul-Mahdi, Saturday (November 15, 2014), the need to address the decline in oil prices, while calling on all provinces to respect the borders and powers among themselves in order to achieve the feat.
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