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Parliamentary Finance suggests adjusting the price of oil in the budget to $ 49 I_icon_minitimeMon Jan 15, 2024 5:43 pm by RamblerNash

Parliamentary Finance suggests adjusting the price of oil in the budget to $ 49

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Parliamentary Finance suggests adjusting the price of oil in the budget to $ 49 Empty Parliamentary Finance suggests adjusting the price of oil in the budget to $ 49

Post by RamblerNash Mon Dec 14, 2020 10:09 pm

Parliamentary Finance suggests adjusting the price of oil in the budget to $ 49 24907
 
12/14/2020

Economy News _ Baghdad

On Monday, the Parliamentary Finance Committee suggested changes to the draft general budget law for 2021 and to amend the calculation of oil prices.

Committee member Abdul Hadi Al-Saadawi said in a press interview, "The recovery of oil prices, which reached $ 50, will contribute to reducing the fiscal deficit in the general budget for the year 2021, after the value of the deficit was estimated at 50% of the total amount of the budget."

He added that "the government considers it necessary to raise oil prices in the general budget commensurate with the current price of oil on world markets," pointing out that "the budget was previously prepared by the finance at a price of $ 41 per barrel."

Al-Saadawi said, "The government raises oil prices in the budget law from 41 to 49 dollars," noting that "there is no specific date for approving the budget law in the Council of Ministers."

https://economy-news.net/content.php?id=23127
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