Parliamentary Finance: I did not go beyond the financial crisis entirely

[yota691]

 

Parliamentary Finance: I did not go beyond the financial crisis entirely

 

      Friday   27   March   2015 | 12:33

 

 

 

 

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In the event of a drop in oil prices to levels below the US $ 50 it is possible for the government to stop the implementation of some projects in the current year's budget

 

Qurtas News / Baghdad

Parliamentary Finance Committee showed, on Friday, that Iraq did not exceed its financial crisis in full, calling on the government to proactive plans to cope with the crisis.

Said committee member Majda al-Tamimi's "Qurtas News," "The House of Representatives approved the budget of 2015 the price of oil as much as US $ B56 per barrel, though, so we recorded a large fiscal deficit, but in light of this, we find today that oil prices in world markets began to decline to below 50 dollars a barrel until it reached in times to $ 30 and this score another crisis for the country. "

She Tamimi "in the event of a drop in oil prices to levels below the US $ 50 it is possible for the government to stop the implementation of some projects in the current year's budget, and perhaps even postpone the release of grades because all included in the provision of financial liquidity derived from oil sales accounts."

Tamimi called "on the government to put more proactive plans to cope with any emergency crisis because Iraq as a state and the Parliament did not go beyond the financial crisis in full," pointing out that "the Commission and in cooperation with state commissions to study the ongoing financial liquidity position and Kiffa provided."

 

[Boozer]

I don't think we will se go below 47, just my .. But soon to rise

[Laid Back]

I agree with you Boozer.!

If the price is low you increase your production

I beleive the price of oil will raise this summer.!

[Theseus]

I don't think we will se go below 47, just my .. But soon to rise

The April 2015 contract for Crude Futures opened (March 17) around 45 and change.

[sandfly]

THANKS