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Adel Abdul-Mahdi: IMF bowed to Iraq's desire to remain subsidies for petroleum products
03/24/2015 )
BAGHDAD
The Ministry of Oil, on Monday, the government subsidized prices of oil products from the gas and gasoline will remain stable without change, noting not affected by fluctuating foreign currency rates, as indicated rejection of the request to lift the oil derivatives prices, pointed out that the International Monetary "bowed" to desire government support to keep the prices of petroleum products.
He said the oil minister, Adel Abdul-Mahdi, in a statement received (range Press), a copy of it, that "the government subsidized prices of oil products from the gas and gasoline, will remain stable without change," he "is not affected by these prices fluctuating foreign exchange rates."
He explained Abdul-Mahdi, that "the IMF insists on the lifting of subsidies and raise the prices of petroleum products, noting that" he and together with the Finance Minister rejected this categorically demand. "
The Minister of Oil, that "the IMF bowed to our desire to remain subsidies for petroleum products." The International Monetary Fund, had expected, on Friday, (the twentieth of March current 2015), the high proportion of the deficit in the budget for Iraq in the current 2015, much higher than the 12 percent announced by the government, due to lower global oil prices, and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, and assume the budget, a proposed implementation of reform measures strict include austere in investment projects, and a commitment to reducing expenses, and reconsider the limits for sales of the Central Bank of currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year.
The House Iraqi parliament, has approved the (29th of January 2015), the financial budget bill for the current year 2015, the rate of 119 trillion Iraqi dinars, and a deficit of 25 trillion dinars.
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03/24/2015 )
BAGHDAD
The Ministry of Oil, on Monday, the government subsidized prices of oil products from the gas and gasoline will remain stable without change, noting not affected by fluctuating foreign currency rates, as indicated rejection of the request to lift the oil derivatives prices, pointed out that the International Monetary "bowed" to desire government support to keep the prices of petroleum products.
He said the oil minister, Adel Abdul-Mahdi, in a statement received (range Press), a copy of it, that "the government subsidized prices of oil products from the gas and gasoline, will remain stable without change," he "is not affected by these prices fluctuating foreign exchange rates."
He explained Abdul-Mahdi, that "the IMF insists on the lifting of subsidies and raise the prices of petroleum products, noting that" he and together with the Finance Minister rejected this categorically demand. "
The Minister of Oil, that "the IMF bowed to our desire to remain subsidies for petroleum products." The International Monetary Fund, had expected, on Friday, (the twentieth of March current 2015), the high proportion of the deficit in the budget for Iraq in the current 2015, much higher than the 12 percent announced by the government, due to lower global oil prices, and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, and assume the budget, a proposed implementation of reform measures strict include austere in investment projects, and a commitment to reducing expenses, and reconsider the limits for sales of the Central Bank of currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year.
The House Iraqi parliament, has approved the (29th of January 2015), the financial budget bill for the current year 2015, the rate of 119 trillion Iraqi dinars, and a deficit of 25 trillion dinars.
[You must be registered and logged in to see this link.]
