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Showing results for tags 'oil prices.'.
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Here's an article of Dinarian interests... Will the high price of oil delay monetary reform & development of a private sector economy? Treat as a rumor. Not verified. Your opine. From Another Source: The High Price Of Oil Will Reduce The Budget Deficit? ARTICLE: Financial Oversight Explains: The former director of the Office of Financial Supervision, Salah Nuri, said today, Thursday, that the benefit from the high oil price is to reduce the deficit & not resort to borrowing at a certain percentage contained in the Budget Law. Nuri said that “when the Ministry of Finance prepares the general Budget in a conservative manner, that is, estimating the revenues on the basis of the price of selling oil at the lowest expected price & with a deficit in the Budget & remembering in the Budget, if the selling price of oil increases, then the surplus is paid to reduce the deficit.” He continued, “The benefit from the rise in the oil price is to reduce the deficit & not resort to borrowing at a certain percentage contained in the Budget Law,” noting that “the percentage of budgets for the two years (2024-2025) there is no direct effect unless the rise continues when the aforementioned two years come.” He pointed out that “the government must direct the increase in oil prices towards infrastructure projects, according to its priorities included in the Budget Law.” From...Raghad Dahham.
