Parliamentary Finance: $ 50 price of a barrel of oil in the budget of 2019

Last updated: 26 November 2018 - 11:42 p

BAGHDAD / The Parliamentary Finance Committee confirmed on Monday that the price of a barrel of oil in the budget will be reduced to $ 50 instead of 56, especially after the decline in world prices. Committee member Abdul Hadi Mohan said in a press statement today that "there A committee between the parliament and the government to amend the doors of the budget, it is agreed to hold today a meeting of this committee to complete the amendments, but there are indications to postpone the meeting, because the government has a new view on the budget.

"He added that" low oil prices lead the government to reduce the price of oil In the budget of $ 56 to $ 50, order That the budget within the financial ceiling specified, and thus avoid entering into a financial crisis, "noting that" the budget committee is working on the study of the budget, especially after the decline in the price of a barrel of oil, as work is underway today to move away from the policy of borrowing, "There are more than 20 banks have opened borrowing credits, but these funds can not be exploited during the current period, and can be used very limited rates in order not to deteriorate the domestic markets in the country."

A parliamentary source said today that the budget of 2019 suffers from a deficit of 22 billion dollars and Abdul Mahdi wants to increase allocations of the popular crowd at the expense of the people of Iraq.


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