International Monetary Fund Rejected the Price of a Barrel of Oil in the Budget of 2013
|October 27, 2012||Filled under Uncategorized|
Announced parliamentary Finance Committee, Friday, kept the International Monetary Fund on the price per barrel of oil in Iraq’s budget for next year, as the government promised determine the price “Bullish”.
Said a member of the Finance Committee MP Najiba Najib said in an interview for ” Twilight News “that” the International Monetary Fund had a reservation on the price per barrel of oil in the budget in 2013.”
Najib attributed the disagreement on the price per barrel for “fear of the drop in oil prices in the global markets, especially that Iraq depends on oil revenues by 93%,” describing those fears with “realism and not just the perceptions and speculation.”
Najib felt that “the price of a barrel in the next year’s budget optimism, despite the presence of an increase in oil prices,” afterthought was supposed to be price Evaluator barrel pessimism and not Bullish.”
The Federal Cabinet has decided, on Tuesday of this week, approved a draft law the federal budget for 2013 of $ (138) Terelln dinars, an increase of 18% from last year.
The total federal income amounted to (119.3) trillion dinars were the result of calculating the revenues from export of crude oil at an average price (90) dollars per barrel and export capacity of up to (2.9) million barrels per day, including the quantity produced and exported from the territory of Kurdistan and the (250) A barrels per day, where will oil revenues this Development Fund for Iraq after the discount (5)% of compensation for Kuwait war has reached the investment budget (55) trillion dinars and the operating budget (83) trillion dinars.
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