Parliamentary power: the price of a barrel of oil in the budget of 2016 will be from $ 40-45

02/09/2015 10:02

Tomorrow Press / Baghdad: mention of the Oil and Energy Committee in the House of Representatives member blossom Abadi, Wednesday, that the price of a barrel of oil in the budget of 2016 will be from $ 40-45, indicating that the government will face a big problem in providing salaries if oil prices continued to fall.

Ebadi said for "tomorrow Press," that he "was begin preparations for the preparation of the budget in 2016 and the Finance Ministry began to receive proposals and financial estimates for the provinces and bodies on, and will raise these figures in November to the House of Representatives, The Treasury Department began to prepare the budget for the current month."

"The estimates are confused because of the instability of oil prices," noting that "we demanded the Oil Ministry to send a committee to OPEC to talk with them on maintaining the price of oil to fill the defect."

Abadi said that "the drop in oil prices, if it continues the government will face a big problem in the provision of any operating budget employees' salaries, so the government is finding alternatives of oil resources."

He noted a member of the Parliamentary Committee on Energy that "the price of a barrel in the budget of 2016 will be built on the estimate of 40-45 dollars a barrel."

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