Haitham al-Jubouri: The government is very optimistic price of 90 dollars per barrel of oil other than the fact

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Haitham al-Jubouri: The government is very optimistic price of 90 dollars per barrel of oil other than the fact

BAGHDAD - Iraq Press - September 30: warned a member of the Finance Committee MP for the rule of law Haitham al-Jubouri of the consequences described Balokhima if the government adopted during the general budget of the year 2014 on the price of my guess up to 90 dollars per barrel and the value of production up to 3.5 million barrels per day .

Jubouri said in a statement to / Presse Iraq /, on Monday, said that "every country in the world and private surrounding Iraq estimated the highest speculative oil price for 2014 of $ 70, while our government is too optimistic to $ 90."

He is a member of state law that "oil production has not exceeded 2.6 million barrels per day, while resound statements for the production of up to 3.5 million barrels a day."

He said Jubouri that "last year's budget was based on the production of 2.9 million barrels, and we are now in the month of September did not achieve 2.6 million barrels, so the optimism produced 3.5 million barrels in the next year is exaggerated and needs to review a cause for concern in the Finance Committee."

He added that "our representatives in the Strategic Committee objected to the price of $ 90 per barrel and suggested installed price of $ 80 or 85, but representatives of other ministries insisted on $ 90"

He Jubouri that "the growth in the budget means an increase in spending, an increase is realistic, and therefore when this increase is not present on the ground with increased expenditures become more fake and spend real and this will cause an imbalance in the budget."

He acknowledged Jubouri existence deficit in the state budget, but is subject to those described Balemtemrsen in the budget law "who put deficit is real, and with low production or prices begin deficit placebo gradually shift to deficit real", expressing his belief that "the survival of these prices and production Estimated for 2014 will cause a real deficit. "

Jubouri concluded by saying that "the objections of some parliamentary blocs to take public budget and not politically oriented professional dimension." ENDS (1)

 

 

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