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Parliamentary Finance sets the appropriate price for a barrel of oil in the 2022 budget
Economie Yesterday, 17:40
Today, Wednesday, the Parliamentary
Finance Committee set the appropriate price for selling a barrel of oil within the draft federal budget law for 2022, while indicating that the Food Security Law will address the problem of delaying the approval of the budget.
A member of the committee, Mishaan al-Jubouri, said in a statement to the Iraqi News Agency (INA), that "setting 75 dollars as a price for one barrel of oil within the budget is logical in light of the rise in the markets."
He added, "Any talk about reducing the price of the dollar against the dinar is not economic, and the government, the Minister of Finance and the Central Bank believe that it poses a long-term danger to the Iraqi economy, and this is something that never happens."
He pointed out that "the defect in the delay in approving the budget will be addressed through the Food Security Law, which is being discussed now within the Parliamentary Finance Committee," noting that
"the goal of this law is to provide all emergency funds that the government cannot use and spend on them according to the 1/12 system." .
He added, "The coverage of that money is done from the financial abundance due to the rise in oil prices.
It goes to the fund in which 25 trillion or a little less will be placed, and the other part goes to repay the public and private debt."
Parliamentary Finance sets the appropriate price for a barrel of oil in the 2022 budget
Economie Yesterday, 17:40
Today, Wednesday, the Parliamentary
Finance Committee set the appropriate price for selling a barrel of oil within the draft federal budget law for 2022, while indicating that the Food Security Law will address the problem of delaying the approval of the budget.
A member of the committee, Mishaan al-Jubouri, said in a statement to the Iraqi News Agency (INA), that "setting 75 dollars as a price for one barrel of oil within the budget is logical in light of the rise in the markets."
He added, "Any talk about reducing the price of the dollar against the dinar is not economic, and the government, the Minister of Finance and the Central Bank believe that it poses a long-term danger to the Iraqi economy, and this is something that never happens."
He pointed out that "the defect in the delay in approving the budget will be addressed through the Food Security Law, which is being discussed now within the Parliamentary Finance Committee," noting that
"the goal of this law is to provide all emergency funds that the government cannot use and spend on them according to the 1/12 system." .
He added, "The coverage of that money is done from the financial abundance due to the rise in oil prices.
It goes to the fund in which 25 trillion or a little less will be placed, and the other part goes to repay the public and private debt."
