Parliament proposes approving $55 per barrel of oil in the 2022 budget

oil field. "Internet"
 
12/08/2021

Economy News - Baghdad

The Parliamentary Finance Committee proposed a price of 55 dollars per barrel of oil as an appropriate price for building the 2022 budget.

Committee member Jamal Cougar said, in a statement reported by the official “Al-Sabah” newspaper and seen by “Economy News”, that “calculating next year’s budget on $50 a barrel is a good thing, and if I were the Minister of Finance, I would have built the budget on $55 a barrel, as it is a very appropriate price, especially It is not possible to predict oil prices, as there was a fall after a rise.”

He added, "We expect an increase in prices with the intensive vaccination campaign (against Corona) in all countries of the world, and this means that we are moving towards the decline of the epidemic."

He continued, "Oil prices today are more than what the 2021 budget was based on due to the fear that prices are subject to decline according to the markets."

And the member of the committee stated, "Realistically building the 2022 budget - according to the statements of the Minister of Finance - is good because the 2021 budget was exaggerated and even the expenditures were large, as it was reduced from 168 trillion to 130 trillion, and the government has not yet spent this amount either."

https://economy-news.net/content.php?id=25945