Parliamentary Finance expects to determine the price of oil at $ 45 in 2016 budget

09/14/2015




BAGHDAD / JD / .. Parliamentary Finance Committee predicted, determine the price of a barrel of oil in the budget next year by $ 45, as pointed out that the budget deficit will be repaid according to certain mechanisms and controls.

A member of the committee MP Hussam told punitive / JD /: "The government is in the process of preparing the budget year 2016, and since that oil prices trending downward, the budget will be prepared on this basis so that the economy is not a new problem or crisis."

"The price of a barrel of oil will be determined in the budget next year by 40 to $ 45, because according to studies and international reports, oil prices will not fall below $ 40," he said, adding that the fiscal deficit will be repaid according to certain controls to be determined by the federal government. "

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