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Economic warns of turning Iraq's budget into political issue

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Economic Bassem Jamil Antoine asserted on Wednesday that “Iraq seeks to have professional economic budget consistent with the current phase issues

Economic Bassem Jamil Antoine asserted on Wednesday that “Iraq seeks to have a professional economic budget consistent with the current phase's issues”, warning of turning the budget subject into a political one.

“Some political forces are trying to turn the budget issue into a political one; and they should stop as soon as possible,” Antonie added.

The economist expressed his surprise at resorting to the option of setting a variable price for a barrel of oil, noting that: "It must be fixed between $ 50 to $ 54.”

The parliamentary finance committee's member Jamal Couger, revealed on Sunday, the reason why the meeting of his committee with the government committee to discuss the budget was postponed.

The government committee set to discuss the budget requested the postponement of the meeting with the parliamentary committee, which was supposed to be held last week, Couger said, noting that the request came after the significant drop in oil prices.

He added that after the drop in oil prices, the government will reconsider the entire budget, explaining that oil prices in the world market amount to $59, while Iraq sells the barrel fo rless than this price by seven dollars.

He added that the price of oil within the budget will not be less than $50, explaining that the government committee did not set a date for the meeting with the parliamentary committee.

Last Modified: Wednesday، 05 December 2018 01:57 PM
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