Said confirms a reflection of high oil prices positively on the general budget
Said confirms a reflection of high oil prices positively on the general budget
The number of visits: 1368 Published on: 1/12/2016, 21:55 Published by: Messenger of Delphi
He ruled the House of Representatives by Zana happy, Thursday, reducing the impact of Iraq's oil production on the size of the financial income of the general budget, and as pointed out that Iraq would be cut and freeze production for a limited time, confirmed the reversal in oil prices positively to bridge the projected deficit in the budget.
Saeed said in a press statement that "the reduction of Iraq and a freeze on oil production in line with OPEC hypotheses recent decisions during a meeting in Algeria in us will not affect the oil ratios specified in the general budget and financial revenue generated."
He added that "Iraq will reduce its production of 200 thousand barrels per day for a specific time and this amount is not large and therefore will not affect the planned funds in the budget and the planned size, but will impact positively in the event of global oil prices, which will fill the shortfall rose."