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Parliamentary Finance: the fiscal deficit for the budget year 2015 will exceed the 45%
Monday 10 August 2015
World oil markets are pointing down because of the volume of sales of the oil-exporting countries that fall under the special OPEC, not to mention the entry of Iran's oil market and the oil price fell US
Qurtas News / Baghdad
Parliamentary Finance Committee, predicted Monday that reduced revenues during the remaining months of this year, indicating that the fiscal deficit for the budget year 2015 will exceed 45%.
He said committee member Majda al-Tamimi's "Qurtas News", "indicators of global oil markets are pointing down because of the sales of the oil-exporting countries were part of a private size under OPEC, not to mention the entry of Iran's oil market and the oil price decline in the US."
Tamimi added that "the budget year 2015 painted on the sales of fixed price which is different from the market and expectations," pointing out that "the House of Representatives voted on the draft federal budget for the 2015 law, the amount exceeded 119 trillion dinars, and a net deficit of about 25 trillion dinars, and the price of my guess for a barrel oil at a rate of $ B56 and export 3.3 million barrels of oil a day. "
Tamimi confirmed that "due to declining prices of a barrel of oil below $ 56 during the first half of the current world has made imports to Iraq amounted to about 25 trillion dinars In astray decline in oil prices during the second half of this year, we expect revenue to drop below the 22 trillion dinars."
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Monday 10 August 2015
World oil markets are pointing down because of the volume of sales of the oil-exporting countries that fall under the special OPEC, not to mention the entry of Iran's oil market and the oil price fell US
Qurtas News / Baghdad
Parliamentary Finance Committee, predicted Monday that reduced revenues during the remaining months of this year, indicating that the fiscal deficit for the budget year 2015 will exceed 45%.
He said committee member Majda al-Tamimi's "Qurtas News", "indicators of global oil markets are pointing down because of the sales of the oil-exporting countries were part of a private size under OPEC, not to mention the entry of Iran's oil market and the oil price decline in the US."
Tamimi added that "the budget year 2015 painted on the sales of fixed price which is different from the market and expectations," pointing out that "the House of Representatives voted on the draft federal budget for the 2015 law, the amount exceeded 119 trillion dinars, and a net deficit of about 25 trillion dinars, and the price of my guess for a barrel oil at a rate of $ B56 and export 3.3 million barrels of oil a day. "
Tamimi confirmed that "due to declining prices of a barrel of oil below $ 56 during the first half of the current world has made imports to Iraq amounted to about 25 trillion dinars In astray decline in oil prices during the second half of this year, we expect revenue to drop below the 22 trillion dinars."
[You must be registered and logged in to see this link.]
