The government explain why it set a price of $ 35 per barrel of oil in the budget of 2016

by **Ponee** Sat Sep 10, 2016 12:34 pm

attributed the General Secretariat of the Council of Ministers, the reasons for selecting 35 price for a barrel of oil in the budget next year , 2016, to forecast not to rise in crude prices.

The government explain why it set a price of $ 35 per barrel of oil in the budget of 2016 Story_img_57d2e5f5ad447

The government explain why it set a price of $ 35 per barrel of oil in the budget of 2016 Story_img_57d2e5f5ad447

The secretary general of the Council of Minister Mahdi Keywords in a press statement, said that “hedges government about not assuming a high price for a barrel of oil in the budget came in accordance with the Iraqi Oil prices in the markets and that the contact even to 33 dollars a barrel.”

He added , “also because of the expectations which the economists said for the government not to push oil prices to levels at which he arrived in the past years or less of them, which exceeded the $ 100 that can not risk predicting a high price for oil. ”
among Keywords that, the government faced a large deficit in the current year after the calculation of the price of a barrel to $ 45 , and this price was not present on the ground, especially in the first months of the current year after the arrival of prices to less than $ 30 a barrel , causing financial problems of the Iraqi state. ”

the Secretary General of the Council of Ministers that” the price of Iraqi oil is less than world oil prices to $ 8 and that because of the different Iraqi quality oils for oils in the world as well as the difficulty in transporting oil to thecountries and faces of other security problems contributed to the existence of this financial difference between the price of Iraqi oil world price for Brent. ”

the cabinet, voted on 30 August the past, the draft budget law for 2017, and referred Tuesday to the House ofRepresentatives, in an effort the government for approval before the end of this year.

the Prime Minister said Haider al – Abadi, a former time, that ” the 2017 budget suffers from a significant fiscal deficit due to lack of oil imports , compared with a rise roof employees and pensioners , “adding that thegovernment” set the price of $ 35 per barrel of oil within the 2017 budget. ”

he said the parliamentary finance committee member Sirhan Ahmed’s [where], that the 2017 budget deficit, estimated at 30 trillion Iraqi dinars , or 30% of the total budget It is larger than the budgets of 2016 and 2015 deficit , “stressing that” there is negligence of the government in the fight against corruption and prevent the waste ofpublic money. ”
the Ministry of Finance announced on Friday the arrival of Finance Minister Hoshyar Zebari on Thursday night, to the Jordanian capital of Amman to complete the international consultations between the government and representatives of the the international Monetary Fund IMF on Iraq a loan of $ 18 billion, and will take over in November $ 640 million as a down second of it after assuming like her as a down payment in July. the
Ministry made clear that ” the Fund pursuant to this program over a three – year credit facility of 4.5 billion dollars to Iraq to fill the financial gap and the budget deficit as a result of the financial and economic crisis in the country, and as a result of the commitment of Iraq ‘s Fund program to improve public financial policy and rationalization of expenditures and increase non – oil revenues, transparency and the fight against corruption, money laundering and legislation illegal financial management and the central bank ‘s performance. ”

http://www.alliraqnews.com/modules/news/article.php?storyid=47943

by **Ponee** Wed Sep 14, 2016 9:15 am

The government explain why it set a price of $ 35 per barrel of oil in the budget of 2016

The government explain why it set a price of $ 35 per barrel of oil in the budget of 2016

Re: The government explain why it set a price of $ 35 per barrel of oil in the budget of 2016