Home
Oil Minister: resource estimates in the 2016 budget realistic and conservative
10.20.2015
Oil Minister Adel Abdul Mahdi, on Monday, and realistic resource estimates in the budget of 2016, noting that "estimates are built on oil exports daily average of 3.6 million barrels daily average price of 45 dollars per barrel.
Said Abdul-Mahdi, in a statement received / scales News / copy of "Council of Ministers approved on Sunday the budget in 2016 .. There are a lot of notes and some are very important such as the lack of final accounts, and it is still the allocations and the terms of lacking goals that can cross the financial, monetary and economic their instruments budget that is driven by the public and private sectors, and it had been built and will be applied in accordance with the laws and regulations obsolete eat forever them and drink in most applications and premises and objectives. Despite all this we should give thanks and congratulations to the Ministry of Finance and its Minister on the extraordinary effort made to provide balance and success in passing .. First, taking into account the timing, success in the preparation of the budget on time October due in conditions very difficult in terms of intensity and financial pressures of war and the burden of financial units and citizens and their requirements .. and secondly in realism enjoyed by, with some exceptions, it did not sink itself in the fictional figures excessive and estimates rejoice by everyone today, and discover the Asdmoa hard facts throughout the year, and third in the cuts conducted in several paragraphs, while maintaining an acceptable balance of the year, and so on. "
"The estimates are built on oil exports daily average of 3.6 million barrels .. the price of an average of the daily $ 45 a barrel, any 69.773 trillion dinars .. and on the non-oil resources of $ 13.671 trillion Iraqi dinars .. and so will be the total planned imports 83.444 trillion dinars .. Lama expenses all doors amounted to 106.172 trillion dinars, ie a deficit of 22.727 trillion dinars .. allocated operational budget of 76.579 trillion dinars and investment budget 29.593 trillion dinars. The Council of Ministers made some minor changes that will not modify much of the above figures, There is no doubt that the House will turn amendments other. "
"We believe that realistic resource estimates may even be conservative a little bit, and this is a good thing .. Valmadl daily price per barrel for 2015 until the end of September was $ 48.157 per barrel .. and estimates of the overwhelming analysts majority refers to the stability of oil prices or even increased somewhat in 2016 for many reasons, the most important of the natural increase of the consumption, lower global production in the United States and predicted landing more, and the prospect of increased US interest rates, and some improvement that may appear in the European and Asian economies. The estimate oil exports are realistic also .. Valmadlat raised are the rates at which we achieve now Whether from the southern ports or from Ceyhan. and ask means that the exports of the region may not reach the treasury, and his answer that the payment to the province -hsp law Almoisnh- will be reduced in the same proportion. There is no doubt that the lack of full export delivery, lack of full dues payment is harmful and distressing practice reflects a great imbalance in national relations we all have responsibilities. As for non-oil imports may be where some optimism, especially in the door levies. "
And he finished by saying, "If it was our word is true, we can say that the near-certain resources sufficient to cover operating expenses, thus to wear off that concern, or that the rumors of economic collapse prospective, or that the difficult financial situation will touch people in their livelihoods and living core. But with regard to the budget investment, which increases its figures a little bit about the deficit numbers, which is supposed to be repaid through loans, there are several observations which it is normal to be repaid investments through borrowing .. The problem is not loans, but the possibility of repayment. This in turn depends how Rushd and productivity of investment projects and the extent of maintain and sustain. Government Investments in the past, but the past decades, the implementation rates remained too low .. and was the source of many questions about the timing and the wastage and cost her and quality, whether its funds available through government imports or by borrowing. "
He explained that "generally the state businessman failed .. Therefore, we wish to include budget 2016 principles and materials launches investment from outside Tires State and within them, which did not do, but sometimes stood with his face under the pretext of achieving budget additional resources, utility few great harm, so that achieved already .. and this is a big gap, and reform is not about balancing all, it is about the fact that the Ministry of Finance and the state as a whole reforms in economic philosophy, and the concomitant reforms of legislative and procedural In the FAQ and institutions of oversight and accountability will allow the launching of investment both from the public sector or the private sector. " .anthy 29 / d 25
[You must be registered and logged in to see this link.]
10.20.2015
Oil Minister Adel Abdul Mahdi, on Monday, and realistic resource estimates in the budget of 2016, noting that "estimates are built on oil exports daily average of 3.6 million barrels daily average price of 45 dollars per barrel.
Said Abdul-Mahdi, in a statement received / scales News / copy of "Council of Ministers approved on Sunday the budget in 2016 .. There are a lot of notes and some are very important such as the lack of final accounts, and it is still the allocations and the terms of lacking goals that can cross the financial, monetary and economic their instruments budget that is driven by the public and private sectors, and it had been built and will be applied in accordance with the laws and regulations obsolete eat forever them and drink in most applications and premises and objectives. Despite all this we should give thanks and congratulations to the Ministry of Finance and its Minister on the extraordinary effort made to provide balance and success in passing .. First, taking into account the timing, success in the preparation of the budget on time October due in conditions very difficult in terms of intensity and financial pressures of war and the burden of financial units and citizens and their requirements .. and secondly in realism enjoyed by, with some exceptions, it did not sink itself in the fictional figures excessive and estimates rejoice by everyone today, and discover the Asdmoa hard facts throughout the year, and third in the cuts conducted in several paragraphs, while maintaining an acceptable balance of the year, and so on. "
"The estimates are built on oil exports daily average of 3.6 million barrels .. the price of an average of the daily $ 45 a barrel, any 69.773 trillion dinars .. and on the non-oil resources of $ 13.671 trillion Iraqi dinars .. and so will be the total planned imports 83.444 trillion dinars .. Lama expenses all doors amounted to 106.172 trillion dinars, ie a deficit of 22.727 trillion dinars .. allocated operational budget of 76.579 trillion dinars and investment budget 29.593 trillion dinars. The Council of Ministers made some minor changes that will not modify much of the above figures, There is no doubt that the House will turn amendments other. "
"We believe that realistic resource estimates may even be conservative a little bit, and this is a good thing .. Valmadl daily price per barrel for 2015 until the end of September was $ 48.157 per barrel .. and estimates of the overwhelming analysts majority refers to the stability of oil prices or even increased somewhat in 2016 for many reasons, the most important of the natural increase of the consumption, lower global production in the United States and predicted landing more, and the prospect of increased US interest rates, and some improvement that may appear in the European and Asian economies. The estimate oil exports are realistic also .. Valmadlat raised are the rates at which we achieve now Whether from the southern ports or from Ceyhan. and ask means that the exports of the region may not reach the treasury, and his answer that the payment to the province -hsp law Almoisnh- will be reduced in the same proportion. There is no doubt that the lack of full export delivery, lack of full dues payment is harmful and distressing practice reflects a great imbalance in national relations we all have responsibilities. As for non-oil imports may be where some optimism, especially in the door levies. "
And he finished by saying, "If it was our word is true, we can say that the near-certain resources sufficient to cover operating expenses, thus to wear off that concern, or that the rumors of economic collapse prospective, or that the difficult financial situation will touch people in their livelihoods and living core. But with regard to the budget investment, which increases its figures a little bit about the deficit numbers, which is supposed to be repaid through loans, there are several observations which it is normal to be repaid investments through borrowing .. The problem is not loans, but the possibility of repayment. This in turn depends how Rushd and productivity of investment projects and the extent of maintain and sustain. Government Investments in the past, but the past decades, the implementation rates remained too low .. and was the source of many questions about the timing and the wastage and cost her and quality, whether its funds available through government imports or by borrowing. "
He explained that "generally the state businessman failed .. Therefore, we wish to include budget 2016 principles and materials launches investment from outside Tires State and within them, which did not do, but sometimes stood with his face under the pretext of achieving budget additional resources, utility few great harm, so that achieved already .. and this is a big gap, and reform is not about balancing all, it is about the fact that the Ministry of Finance and the state as a whole reforms in economic philosophy, and the concomitant reforms of legislative and procedural In the FAQ and institutions of oversight and accountability will allow the launching of investment both from the public sector or the private sector. " .anthy 29 / d 25
[You must be registered and logged in to see this link.]
