Expert warns of high default budget deficit after falling oil prices
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Expert warns of high default budget deficit after falling oil prices
http://economy-news.net/content.php?id=14513
Expert warns of high default budget deficit after falling oil prices
11/27/2018

Expert warns of high default budget deficit after falling oil prices
11/27/2018

Economy News Baghdad
The oil expert, Hamza al-Jawahiri, warned of the increase of the budget deficit to more than $ 22 billion, stressing the need to review the budget for 2019 and reduce the price of a barrel of oil to $ 40.
Brent oil prices fell last Friday to $ 59.31 per barrel.
Al-Jawahiri said in an interview with "Economy News" that Iraq will be strongly affected by the decline in oil prices because its budgets depend heavily on it, and thus increase the budget deficit.
"We advised them to calculate the price of a barrel of crude oil in the budget at $ 40," he said, referring to US manipulation of oil prices through "public pressure" on Saudi Arabia and the Gulf states to increase supply and "oil saturation" in the oil markets.
Al-Jawahri stressed the importance of conducting a comprehensive review of the 2019 budget and reducing the price of a barrel of oil to $ 40.
He said the United States contributed more than $ 10 to the price of Brent and Texas crude by pumping more than 100 million barrels of its strategic stockpiles.
The oil expert pointed out that Iran increased its oil exports after the US sanctions as it exported 2.6 million barrels per day and now increased by one hundred thousand barrels from the previous ratio, especially after the import exemptions received by eight countries.
claud39- VIP NewsHound
- Posts : 18367
Join date : 2018-11-04

» The increase in oil prices will only cover the budget deficit, expert says
» High oil prices ended deficit in the budget of 2018 calls for the adoption of the supplementary budget and the abolition of austerity and payment of dues of suspended projects
» High oil prices facilitate the task of reducing the 2020 budget deficit
» The government's reliance on the «space of high oil prices» in filling the budget deficit
» Ministry of Finance: high oil prices contributed to fill one-third of the federal budget deficit
» High oil prices ended deficit in the budget of 2018 calls for the adoption of the supplementary budget and the abolition of austerity and payment of dues of suspended projects
» High oil prices facilitate the task of reducing the 2020 budget deficit
» The government's reliance on the «space of high oil prices» in filling the budget deficit
» Ministry of Finance: high oil prices contributed to fill one-third of the federal budget deficit
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» 74.2 million people in the USA have not had a single dose of a Covid-19 Vaccine, & another 157 million have refused a 2nd or 3rd dose according to CDC
» Unprecedented Mortality Rates – must be Climate Change!!
» Thailand giving away one million cannabis plants to encourage citizens to grow natural medicine
» America is being suicided by John Kaminski
» Textbook Tony
» Angela Hitler gathers lieutenants in Germany to mourn loss of Fourth Reich
» 10 years of the new notes came out!
» The Association of Brokerage Companies: Changing the dollar exchange rate contributed to raising the value of Iraqi shares
» Iran: Exports to Iraq amounted to $9.5 billion
» Al-Hakim calls for choosing the next prime minister within specific criteria
» What does Iraq look in a post-Sadr era?
» Sadrist leading figure to the Coordination Framework: the fire you made will burn everyone
» Iraqi parliament swears in new members to replace Sadrists
» USD/IQD closes slightly lower in Baghdad
» Norway offers US$ 7.5 million to Iraq
» Asia's thirst for cheap Russian oil hits Opec's No 2 producer Iraq
» Iraq’s exposure to US securities was up to about $28 billion in April
» The Central Bank: We have taken effective measures to protect the banking sector and combat money laundering
» Al Qirtas Islamic Bank - The first use of modern systems from DN SeriesTM ATMs in Iraq
» The Central Bank of Iraq: We launched 17 trillion dinars of development initiatives
» Central: The Letter of Guarantee platform issued more than 30,000 letters, worth 9.3 trillion
» The Governor of the Central Bank discusses obstacles to the work of Islamic banks with the International Rating Agency
» The Central Bank of Iraq decides to sell the dollar to pilgrims at the official exchange rate
» The central bank is moving at a steady pace to support and revitalize the economy
» The central electronic platform for letters of guarantee enhances confidence in banking transactions
» Who's on First?
» Frank26 says - From black list removal to high credit ratings for Iraq. This is how you get a new exchange rate
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Meta 1 Coin Has Crack Team Of Lawyers? Why Is Dave Schmidt Still Rotting In Jail?
» California pot shops prepare for their first day of legal recreational marijuana sales TODAY
» One Crazy Guy
» CBI sells $1+ billion in forex for second week in a row
» Iraq and the World Bank hold a workshop to develop public debt management
» Combating financial crimes enhances confidence in the banking sector
» Forex-US dollar notches in Baghdad
» USD/IQD closes lower in Baghdad
» What Happens when Cancer is treated with Cannabis? VIDEO
» VIDEO: Viral Hydroxychloroquine Doctor Demands Joe Biden Apologize After Media Finally Acknowledges HCQ Works
» USD/IQD closes slightly higher in Baghdad