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Expert expects a deficit in the budget next year for lack of oil production

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Expert expects a deficit in the budget next year for lack of oil production Empty Expert expects a deficit in the budget next year for lack of oil production

Post by Ponee Sat Nov 09, 2013 2:13 pm

Expert expects a deficit in the budget next year for lack of oil production

[ltr]Expert expects a deficit in the budget next year for lack of oil production Image[/ltr]

[ltr]09-11-2013 12:47 PM


Baghdad (news) .. Economic expert ruled out Dergham Mohammed Ali, a financial abundance in the current year budget for the implementation of the stalled projects, indicating there is a lack of fiscal revenue due to the lack of oil production.


Muhammad Ali said (of the Agency news): The oil production during the current year was less than expected, expressing lack of access deficit in the budget next year because it was the consumption of standby all Mdorat amounts that could be funded by the budget.


He continued: lack of oil production will affect the size of revenue this year, in addition to non export quantities assessments of the region by the conventions where lagged behind the export of more than 300 thousand barrels per day.


Muhammad Ali ruled: for financial abundance in the budget as possible executed on
New projects or parked, indicating that the increase in the budget ceiling set in accordance with the decisions of the government for the energy sector and the establishment of strategic projects in next year استحصلت the largest proportion of financial exuberance. / End / 5.. /
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Expert expects a deficit in the budget next year for lack of oil production Empty Re: Expert expects a deficit in the budget next year for lack of oil production

Post by Ponee Sun Nov 10, 2013 9:42 am

Economist warns of Iraqi budget shortfall due to low oil revenue production



Economic

An expected budget deficit next year to low oil production
09-11-2013 12:47 PM

Baghdad (newsletter). Excluded Economist Mohammed dargham, a financial abundance in the current year’s budget for the implementation of projects stalled, indicating a lack of financial income due to lack of oil production.

He Mehmet Ali (News Agency): oil output this year was below expectations, and the lack of a budget deficit next year because consumption of all madorat the reserves can finance the budget.
He continued that lack oil production will affect revenues this year, the export volume of the province by the conventions where failed to export more than 300,000 barrels per day.

Mohammed Ali ruled out: financial abundance in possible budget launched
New projects or stopped, noting that the increase in the budget ceiling in accordance with the decisions of the Government’s energy sector and strategic projects in the future received the largest proportion of financial abundance

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