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Parliamentary Finance: The rise in oil prices is not enough to cover government expenditures DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Parliamentary Finance: The rise in oil prices is not enough to cover government expenditures

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Parliamentary Finance: The rise in oil prices is not enough to cover government expenditures Empty Parliamentary Finance: The rise in oil prices is not enough to cover government expenditures

Post by RamblerNash Wed Sep 29, 2021 9:50 pm

Parliamentary Finance: The rise in oil prices is not enough to cover government expenditures 29212
 
09/29/2021

Economy News _ Baghdad

The Parliamentary Finance Committee considered that the rise in oil prices is not sufficient to cover government expenditures in the budget law, while pointing out that Iraq exports two million and 500 thousand barrels per day.

Committee member Muhammad Al-Shabki said in a press interview, "Iraq used to export about three million and 500 thousand barrels per day, but after the OPEC agreement to reduce the value of exports to member countries, it has exported two million and 500 thousand barrels per day."

He added that "the OPEC agreement was a reason for reducing the financial revenues belonging to the state treasury from oil exports, and therefore the rise in oil prices is not sufficient to cover government expenditures in the budget law."

https://economy-news.net/content.php?id=26447
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