Baghdad (news) .. Alerted a member of the Committee on the economy and investment MP / coalition in Iraq / Nora Salem البجاري, the likelihood of lower oil prices over the next year, calling for a response to the demand of the World Bank to determine the price of a barrel of oil without the (90) dollars in the budget year (2013) to avoid economic problems large in the country.
She البجاري (Agency news): The Iraqi economy is still unilaterally dependent on oil supplier despite the existence of untapped mineral resources, making the general budget is affected by fluctuations in oil prices in global markets.
She added: demanding that the World Bank cut the price of a barrel of oil proposed in the budget, came Keen to Iraq to avoid the economic crisis possible, because today the world economic crises and threats of international These are all impact on oil prices in the future, so we should amend the budget and reduce the price of oil proposed to without (90) dollars a barrel.
This has objected to the International Monetary Fund to raise the price of a barrel of oil in the budget in 2013.
The Council of Ministers decided at its forty-sixth regular on 23 October 2012, approved a draft law the federal budget for 2013 of $ (138) trillion dinars, an increase of 18% from last year.
According to the project that the total federal income amounted to (119.3) trillion dinars were the result of calculating the revenues from export of crude oil at an average price (90) dollars per barrel and export capacity of up to (2.9) million barrels per day, including the quantity produced and exported from the Kurdistan region of the ( 250) thousand barrels per day.
The total investment budget (55) trillion dinars and the operating budget (83) trillion dinars distributed to institutions, ministries and state bodies all will be distribution of public expenditure according to the rates of population after excluding allocations center of the Federal Ministry and sovereign expenditure. / End / 8. J. N /