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Agency news - 19/01/2012
Member of the Economic Commission: lower price per barrel of oil under (85) dollars will be presented to the problem of the country's difficult economic
Noted by the Economic Commission for MP / National Alliance / Abdul Hussein Resan that the low price of a barrel of oil in world markets without (85) dollars being Saatheraly Iraqi economy based on oil.
The Resan (of the Agency news) on Thursday that the general budget were based on the price of a barrel of oil (85) dollars and this rate is optimistic about a lot by the legislator to the budget law of public finances this year, the fact that the world now live some sort of crisis with regard to the economic crisis , any fluctuation is happening in global oil prices will make its impact on the Iraqi economy.
He pointed to: that the national economy is supported by annual Baaradath (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 deficit close to a large (15) trillion dinars.
A: Most countries 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 has 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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Member of the Economic Commission: lower price per barrel of oil under (85) dollars will be presented to the problem of the country's difficult economic
Noted by the Economic Commission for MP / National Alliance / Abdul Hussein Resan that the low price of a barrel of oil in world markets without (85) dollars being Saatheraly Iraqi economy based on oil.
The Resan (of the Agency news) on Thursday that the general budget were based on the price of a barrel of oil (85) dollars and this rate is optimistic about a lot by the legislator to the budget law of public finances this year, the fact that the world now live some sort of crisis with regard to the economic crisis , any fluctuation is happening in global oil prices will make its impact on the Iraqi economy.
He pointed to: that the national economy is supported by annual Baaradath (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 deficit close to a large (15) trillion dinars.
A: Most countries 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 has 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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