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Energy: cannot support the increase of oil prices in the construction budget
التاریخ: 2015/10/11
Slight rise in oil prices and the dollar drops
Financial: higher oil prices will cover the budget deficit next year
High oil prices have revived the Gulf markets
Expert: oil will be gone soon bubble rock
Oil rebound despite us stocks
Information/special/.
Description oil and Energy Commission member House Zaher Al-Abadi, Thursday, soaring world oil prices by "positive command plugin" to reduce the budget deficit, adding that he cannot support the increase in the budget lines for failure to ensure continuity in the coming days.
Abadi said the agency/information/, that "the increase in world oil prices is positive will help overcome many financial bottlenecks and reduce the budget deficit."
"This rise despite positive and need the Iraqi economy, it cannot be adopted in building next year's budget does not rely on fixed market fundamentals cannot ensure survival during the coming period, pointing out that" If this height will create a supplementary budget to develop other necessary Exchange sections, or be exploited in supporting Iraqi monetary reserves ".
And invited the Commission on economy and investment House of the Central Government to adopt austerity and retrenchment to control the fiscal deficit in the budget next year, stressing the need to move away from the current year's budget scenario with a large deficit.
The Finance Ministry has estimated average oil price within budget in 2016 USD 45 and export 2.2 million barrels per day, noting that budget revenues would amount to over 84 trillion and 73 billion dinars. Finished 25 k
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التاریخ: 2015/10/11
Slight rise in oil prices and the dollar drops
Financial: higher oil prices will cover the budget deficit next year
High oil prices have revived the Gulf markets
Expert: oil will be gone soon bubble rock
Oil rebound despite us stocks
Information/special/.
Description oil and Energy Commission member House Zaher Al-Abadi, Thursday, soaring world oil prices by "positive command plugin" to reduce the budget deficit, adding that he cannot support the increase in the budget lines for failure to ensure continuity in the coming days.
Abadi said the agency/information/, that "the increase in world oil prices is positive will help overcome many financial bottlenecks and reduce the budget deficit."
"This rise despite positive and need the Iraqi economy, it cannot be adopted in building next year's budget does not rely on fixed market fundamentals cannot ensure survival during the coming period, pointing out that" If this height will create a supplementary budget to develop other necessary Exchange sections, or be exploited in supporting Iraqi monetary reserves ".
And invited the Commission on economy and investment House of the Central Government to adopt austerity and retrenchment to control the fiscal deficit in the budget next year, stressing the need to move away from the current year's budget scenario with a large deficit.
The Finance Ministry has estimated average oil price within budget in 2016 USD 45 and export 2.2 million barrels per day, noting that budget revenues would amount to over 84 trillion and 73 billion dinars. Finished 25 k
[You must be registered and logged in to see this link.]
