Expectations determine the price of a barrel of oil at $ 80 in 2015 budget

10/11/2014

Expec

BAGHDAD / JD / .. the parliamentary finance committee predicted, determine the price of a barrel of oil in next year's budget of $ 80 minimum.

A member of the Committee MP Jamal Joker told / JD /: "The government will depend on the current price of oil rolling in global markets in the preparation of the 2015 budget," adding that "oil is currently sold at a price ranging between (81 to 82) per barrel dollar."

He added: "Since the volatile oil prices in world markets, the Iraqi government will determine the 2015 budget on the basis of the sale of a barrel of oil at a price ranging between (80 to 85) dollars, and probably be a $ 80 minimum."

He continued: "The government will take into consideration the fiscal deficit in the budget next year in the case of determining the price of a barrel of oil more than expected, or there may be a financial surplus in the event of the sale of oil less than what is sold in the international markets, and thus Stltja government to prepare another budget supplemental per year the same ".


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