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Deputy Liberal: Iraq will lose $ 4 billion a month due to lower oil prices
Alsumaria News / Baghdad
MP for the Liberal bloc and former Minister of Planning Ali Shukri, Saturday, that Iraq would lose $ 4 billion a month due to lower oil prices, noting that the financial and economic committees are working to reduce the expenses of ministries to reduce the shortfall from the general budget.
Shukri said in an interview for "Alsumaria News" that "the budget bill sent by the government to the House of Representatives a deficit of $ 24 trillion and 500 billion dinars."
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"The budget was built on the basis of export 3.3 million barrels per day of crude oil to the outside," he said, adding that "the number of barrels that issue at the moment is 2.65 million barrels per day."
He stressed that "the low price of a barrel of oil on world markets from $ 60 to $ 43 would cause the loss of Iraq's $ 4 billion a month," pointing out that "the Finance Committees, the economy and the investment function to reduce ministries expenses to reduce the shortfall to the general budget."
She called the religious authority, on Friday (January 16, 2015), to re-examine the draft general budget law for 2015, stressing the need for oil prices to the lowest possible level to drop him.
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