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The budget was built o the basis of $60 and the price of a barrel of oil to  $43 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The budget was built o the basis of $60 and the price of a barrel of oil to $43

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The budget was built o the basis of $60 and the price of a barrel of oil to  $43 Empty The budget was built o the basis of $60 and the price of a barrel of oil to $43

Post by Ponee Fri Jan 09, 2015 11:33 am

The budget was built o the basis of $60 and the price of a barrel of oil to  $43 Oil181214-bb

 
Khandan - the leader of the Bloc Virtue MP Abdul Hussein al-Aziz al-Moussawi, revealed the existence of a fundamental observations in the budget bill to be addressed before the vote, noting that the budget was built on the basis of $ 60 and the price per barrel of current oil $ 43.Moussawi said in a statement received "Khandan" a copy of it, that "there is a fundamental observations in the draft general budget for the year Act 2015 need to be addressed before the vote in the House of Representatives," noting that "the Council read the budget first reading and second Seetmr to hold meetings to discuss it." He added that "the budget Built on an oil production rate of 3 million and 300 000 barrels per day, while the oil production rate did not exceed the years previous four 2.5 million barrels per day, with the most stable from now circumstances. " He Moussawi said that "On the other hand was awarded the price per barrel equivalent to 60 dollars at a time when Brent crude approaching it at $ 50, which means that the price of a barrel of Iraqi oil around $ 43. " He said al-Moussawi, he "can not lock able to bear the burden of the next phase of the budget without addressing these introductions," calling on the government to invest international solidarity debt rescheduling and exception this year than shooting.



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Post by Terbo56 Fri Jan 09, 2015 11:40 am

As long as the price of a barrel of oil keeps dropping, Iraq can never establish a solid and permanent budget- The money just isn't there, and Iraq WILL be bankrupt before March-April, as long as this continues-It is NOT looking good for the people of Iraq at this point-
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The budget was built o the basis of $60 and the price of a barrel of oil to  $43 Empty Re: The budget was built o the basis of $60 and the price of a barrel of oil to $43

Post by Cascadian Fri Jan 09, 2015 2:48 pm

Terbo, you are absolutely right.  Short of Iran blocking tankers from going through the Straits of Hormuz or maybe general state vs. state organized general war, oil is not going to dramatically or quickly rise in price.

And I don't care how much you tax the poor citizens, add customs tax to imports, and pump more oil, Iraq CANNOT make up this deficit and keep the budget they have created.

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Post by Terbo56 Fri Jan 09, 2015 3:02 pm

Cascadian, THAT is a fact!
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