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Abrihi warns of the risks of continued low oil prices
8/26/2015 0:00
BAGHDAD Shokran Fatlawi
holds a significant decline in oil prices, negative impact on the federal budget being entirely dependent on oil revenues, which fell remarkably, reaching to below $ 44.26 a barrel amid a global glut in supply, according to economist d. Ahmed Abrihi.
He Abrihi that the measures taken by the government that have not yet final collapse of the oil price, which had been expected to take other measures such as work to create and revise again by government spending alternative resources of the fact that recent collapse calls attention to the possibility of continued decline. change
and between d. Ahmed said 99 percent of Iraq's exports are oil and called to the importance of the expansion of the productive base of non-oil to confront the crisis and to Ayazdad annual expenditure of the government for 6 percent to maintain the sustainability rate. financial challenges as Followers see economic would Petroleum Exporting Countries and falling revenues with low Prices will face financial challenges as far as the degree of dependence on oil revenues in the financing of public budgets in what would be the biggest beneficiary of the drop in oil importing countries prices, such as China, India and the United States and the euro. In the opinion Followers that some countries may not face financial problems in the short term because of the ownership of financial Ahitatat good, and financial assets can be sold to cover the deficit in the budget. With the decline in oil prices will be a challenge in relation to other countries, and including Iraq, being one of the countries that rely on oil revenues, mainly as a source of income at the same time fighting a fierce war against the mightiest attack the barbarism of organizing Daash terrorist several months ago, what holds the state treasury a large financial burden. situations disorder and among Followers of economic affairs that the usual practice that oil prices are adversely affected by circumstances and security threats in the Middle East, where oil prices rise with Mstdrickan conditions of the region disorder that what we are witnessing today is quite the opposite as Iraq is a large oil exporter, is witnessing wars, however collapsed oil prices. The oil prices have fallen sharply to their lowest levels six and a half years since the impact on countries producing or exporting and including Iraq, prompting the government to follow the policy of austerity, according to economists.
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8/26/2015 0:00
BAGHDAD Shokran Fatlawi
holds a significant decline in oil prices, negative impact on the federal budget being entirely dependent on oil revenues, which fell remarkably, reaching to below $ 44.26 a barrel amid a global glut in supply, according to economist d. Ahmed Abrihi.
He Abrihi that the measures taken by the government that have not yet final collapse of the oil price, which had been expected to take other measures such as work to create and revise again by government spending alternative resources of the fact that recent collapse calls attention to the possibility of continued decline. change
and between d. Ahmed said 99 percent of Iraq's exports are oil and called to the importance of the expansion of the productive base of non-oil to confront the crisis and to Ayazdad annual expenditure of the government for 6 percent to maintain the sustainability rate. financial challenges as Followers see economic would Petroleum Exporting Countries and falling revenues with low Prices will face financial challenges as far as the degree of dependence on oil revenues in the financing of public budgets in what would be the biggest beneficiary of the drop in oil importing countries prices, such as China, India and the United States and the euro. In the opinion Followers that some countries may not face financial problems in the short term because of the ownership of financial Ahitatat good, and financial assets can be sold to cover the deficit in the budget. With the decline in oil prices will be a challenge in relation to other countries, and including Iraq, being one of the countries that rely on oil revenues, mainly as a source of income at the same time fighting a fierce war against the mightiest attack the barbarism of organizing Daash terrorist several months ago, what holds the state treasury a large financial burden. situations disorder and among Followers of economic affairs that the usual practice that oil prices are adversely affected by circumstances and security threats in the Middle East, where oil prices rise with Mstdrickan conditions of the region disorder that what we are witnessing today is quite the opposite as Iraq is a large oil exporter, is witnessing wars, however collapsed oil prices. The oil prices have fallen sharply to their lowest levels six and a half years since the impact on countries producing or exporting and including Iraq, prompting the government to follow the policy of austerity, according to economists.
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