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Economic Commission: the decline in the price of oil will show the country to an economic problem
On: Friday 1/20/2012 6:13
Baghdad / term
noted by the Economic Commission deputy Abdul-Hussein Resan that the low price of a barrel of oil in world markets without (85) dollars because it will affect the Iraqi economy based on oil.
said Resan Thursday: The budget were based on the price of a barrel of oil (85 ) and the rate of $ optimistic lot, by enacting the budget bill for the fiscal year, the fact that the world now live some sort of crisis with regard to the economic crisis, what is happening in the volatile global oil prices will make its impact on the Iraqi economy.
He pointed out: that the national economy is supported Baaradath annual rate (95%) on oil, making it contingent Ptzbzbat oil prices in world markets, as a result of the absence of local product from both the important industrial and agricultural.
He added that the country will be subjected to an economic problem difficult to resolve in the event of low global price of oil without (85) dollars, especially in the implementation of investment projects, the fact that the budget where the large deficit close to (15) trillion dinars.
He said: that most of the countries the world's oil, especially countries of the Persian Gulf, and they put their budget on the basis of the price of a barrel of oil (75 ) dollars.
The budget for fiscal year (2012) were based on the price of a barrel of oil (85) dollars.
The Iraqi Finance Minister Rafie al-Issawi said in the eighth month of December of last year, in a press conference that the total Iraqi budget for 2012 may reached 117 trillion dinars, indicating, that the share of the operational budget for 2012 reached 80 trillion dinars, compared to 37 trillion dinars investment budget, and by the inability of 14 trillion dinars, which represents 10 percent of gross domestic product and 12 percent of the total budget.
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On: Friday 1/20/2012 6:13
Baghdad / term
noted by the Economic Commission deputy Abdul-Hussein Resan that the low price of a barrel of oil in world markets without (85) dollars because it will affect the Iraqi economy based on oil.
said Resan Thursday: The budget were based on the price of a barrel of oil (85 ) and the rate of $ optimistic lot, by enacting the budget bill for the fiscal year, the fact that the world now live some sort of crisis with regard to the economic crisis, what is happening in the volatile global oil prices will make its impact on the Iraqi economy.
He pointed out: that the national economy is supported Baaradath annual rate (95%) on oil, making it contingent Ptzbzbat oil prices in world markets, as a result of the absence of local product from both the important industrial and agricultural.
He added that the country will be subjected to an economic problem difficult to resolve in the event of low global price of oil without (85) dollars, especially in the implementation of investment projects, the fact that the budget where the large deficit close to (15) trillion dinars.
He said: that most of the countries the world's oil, especially countries of the Persian Gulf, and they put their budget on the basis of the price of a barrel of oil (75 ) dollars.
The budget for fiscal year (2012) were based on the price of a barrel of oil (85) dollars.
The Iraqi Finance Minister Rafie al-Issawi said in the eighth month of December of last year, in a press conference that the total Iraqi budget for 2012 may reached 117 trillion dinars, indicating, that the share of the operational budget for 2012 reached 80 trillion dinars, compared to 37 trillion dinars investment budget, and by the inability of 14 trillion dinars, which represents 10 percent of gross domestic product and 12 percent of the total budget.
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