Saad: the decline in oil prices will negatively affect the amounts of speculative for next year's budget

[SocalDinar]

Saad: the decline in oil prices will negatively affect the amounts of speculative for next year's budget

BAGHDAD / .. warned former MP in the House of Representatives Susan Saad, Wednesday, fallout from the decline in oil prices on the federal budget for the current year and the amounts of speculative to balance in 2015, calling on the Iraqi government to conduct an economic study to avoid a financial crisis.

 Said Saad's "Eye of Iraq News", that "there Dgtin affect negatively on the economic resources in Iraq are the low price of oil and the continued increase in military spending," asserting that "Enkhavd oil prices will lead to a decline in the size of the cash reserves of the country," indicating that "the balance of the country 95% dependent on oil exports. "

 Saad explained that "among the measures required to counter these effects is to conduct a thorough economic study by the Iraqi government to find out the procedures that must be taken to avoid a financial crisis expected."

The price / oil / decline in futures to 92.42 dollars a barrel, extending its losses, which lasted over three sessions and pushed prices to their lowest level since 2012, with the market negatively affected by the continued abundance of supply and a stronger dollar. انتهى 2 Finished

 

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[mrparrot]

95% oil, 2.5% dates, and 2.5% camel dung fertilizer...?

 

Grow more dates, feed the camels more,

and cut the oil production a little.

 

Life is about balance.

 

Iraq needs to readjust the scales a little...