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Warnings of the collapse of the 2016 budget: the oil price decline will increase deficit
09/23/2015 13:16 pm (Baghdad time)
Naabah stressed the Finance Committee member Ahmed flesh, Wednesday, that the decline in oil prices to $ extra budget would increase the financial budget deficit for next year one billion dollars.
The meat's / scales News / "The federal budget for Iraq and specifically the budget in 2016 relies 80% on oil revenues making it vulnerable to collapse in the event of continued falling prices," noting that "the low price of oil, one dollar will affect will reflect negatively on budget deficit Federal for next year worth billion dollars. "
He said the parliamentary finance committee member, said "the government has adopted in the construction budget to estimate the price of a barrel of oil dollars to 45 which is the price of a conservatory," adding that "it was better for the government to put price pessimism of 30-35 dollars per barrel, which would avoid Iraq from a deficit gap large in the budget as if Iran has entered the global oil markets after the application of the "5 +1".
It is said that "the House of Representatives decision Niazi architecture Ihsanoglu has confirmed L / scales News /, on Tuesday, the dependence on oil, mainly in the financial budget revenues of the country will create a" disaster "economic and fiscal deficit is unprecedented in the budget" .anthy 29/28
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09/23/2015 13:16 pm (Baghdad time)
Naabah stressed the Finance Committee member Ahmed flesh, Wednesday, that the decline in oil prices to $ extra budget would increase the financial budget deficit for next year one billion dollars.
The meat's / scales News / "The federal budget for Iraq and specifically the budget in 2016 relies 80% on oil revenues making it vulnerable to collapse in the event of continued falling prices," noting that "the low price of oil, one dollar will affect will reflect negatively on budget deficit Federal for next year worth billion dollars. "
He said the parliamentary finance committee member, said "the government has adopted in the construction budget to estimate the price of a barrel of oil dollars to 45 which is the price of a conservatory," adding that "it was better for the government to put price pessimism of 30-35 dollars per barrel, which would avoid Iraq from a deficit gap large in the budget as if Iran has entered the global oil markets after the application of the "5 +1".
It is said that "the House of Representatives decision Niazi architecture Ihsanoglu has confirmed L / scales News /, on Tuesday, the dependence on oil, mainly in the financial budget revenues of the country will create a" disaster "economic and fiscal deficit is unprecedented in the budget" .anthy 29/28
[You must be registered and logged in to see this link.]
