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Ghadhban: the challenges of providing the state budget
3/2/2015
BAGHDAD / Obelisk: The head of the advisers in the Cabinet Thamer Ghadhban, on Monday, that the rise in oil prices is a minor, indicating that it should not be built upon high hopes. He said Ghadhban said that "there is a slight increase in global oil prices, a temporary phenomenon, where the price of Brent closed Friday on the price of 62.5," explaining that "the great supply of oil and strategic inventories in many countries makes us live in a state of fluctuation in prices." He Ghadhban "We should not build high hopes for the time being on the rise at these prices, and we can not say that the crisis had been resolved," adding that "the state budget is based on a deficit of up to reach 23 trillion." He added that "there are challenges and we have to innovate and find solutions to the follow-up to this phenomenon, and we are working to increase production and exports and find other resources to supplement the budget." The World oil prices fell to their lowest in two years now to a $ 62 per barrel after reaching these prices in the mid-2014 to more than $ 110 per barrel.
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3/2/2015
BAGHDAD / Obelisk: The head of the advisers in the Cabinet Thamer Ghadhban, on Monday, that the rise in oil prices is a minor, indicating that it should not be built upon high hopes. He said Ghadhban said that "there is a slight increase in global oil prices, a temporary phenomenon, where the price of Brent closed Friday on the price of 62.5," explaining that "the great supply of oil and strategic inventories in many countries makes us live in a state of fluctuation in prices." He Ghadhban "We should not build high hopes for the time being on the rise at these prices, and we can not say that the crisis had been resolved," adding that "the state budget is based on a deficit of up to reach 23 trillion." He added that "there are challenges and we have to innovate and find solutions to the follow-up to this phenomenon, and we are working to increase production and exports and find other resources to supplement the budget." The World oil prices fell to their lowest in two years now to a $ 62 per barrel after reaching these prices in the mid-2014 to more than $ 110 per barrel.
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