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Iraq loses half of its revenue .. Oil under 30 dollars! DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraq loses half of its revenue .. Oil under 30 dollars!

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Iraq loses half of its revenue .. Oil under 30 dollars! Empty Iraq loses half of its revenue .. Oil under 30 dollars!

Post by RamblerNash on Sun Mar 15, 2020 3:04 pm

Iraq loses half of its revenue .. Oil under 30 dollars! 236b9e5c1053d1a9ee040f1096e89d9e_L

03/14/2020 - 09:43

Mazhar Muhammad Salih, the financial advisor to the Prime Minister, said that the price of a barrel of Iraqi crude oil fell to less than 30 US dollars, which means losing half of the country's revenues.

The semi-official newspaper, Al-Sabah, was reported in its issue today, Saturday, by Saleh as saying, "Iraq’s oil exports constitute 98% of foreign currency flows to Iraq, while oil accounts for 45% of gross domestic product and 93% of general budget revenues, which makes it the resource." The president of the Iraqi economy.

He added, "The government has taken a number of measures to address the crisis in relation to public expenditures and the main obligations to face the shortage of resources." He explained that "the instructions and opinions stated in the statement of the Parliamentary Economic and Investment Committee represent important solutions aimed at formulating exceptional policies to confront the crisis."

And Saleh continued, “The price of the Iraqi barrel of oil fell to less than $ 30 after it was close to $ 60, which reveals the loss of half of our oil revenues compared to their previous rates, which constitutes a major shock in revenue and resources and needs a serious and prudent stand in resource management, It also needs great supervision, "stressing that" the Iraqi government has an early warning system to redress resources in a manner that reduces the impact of this crisis. "

He pointed out that «the cabinet is studying the situation of treatments and many precautionary alternatives to face the crisis and mitigate its effects and protect public resources and revitalize the economy’s movement in light of great challenges facing the global economy in the contraction of oil prices and the health aspect in the face of the spread of Corona virus, especially since the government is striving to absorb the repercussions The oil and health crisis.


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