yota691 Posted March 28, 2014 Report Share Posted March 28, 2014 IMF: despite low oil prices and the budget deficit .. the Iraqi economy stable March 27, 2014 10:57 Last Updated: March 27, 2014 10:57 IMF announced, on Wednesday that Iraq has maintained its economic stability despite the drop in oil prices during the year 2013, and pointed out that the inflation rate dropped to 3.1%, and as he emphasized that the security situation has caused a deficit in the budget by about 6%, expected increase in economic activity during the year Current. The head of the IMF mission in Iraq Carlo Sdralevij in a statement seen by (range Press), said that "Iraq maintained its economic stability in 2013 despite low rates of oil production from the targets set," noting that "the ratio of the rate of economic growth remained solid at 4.2% thanks to the activity non-oil sector, which contributed at a rate of 7%. "according to the newspaper term added Sdralafj "The inflation rate in Iraq fell slightly to 3.1% after it was 3.6% during the year 2012 and this reflects the stability happening in world prices for food and fuel, "noting that" the exchange rate has remained stable with a high international reserves increased by seven billion dollars to 78 billion dollars at the end of 2013. " He's head of delegation of the International Fund in Iraq that "economic activity decree him to grow strongly during the the year 2014 with an increase rate of GDP growth GDP of more than 6%, thanks to increased oil production, which amounted to 3.2 million barrels per day in conjunction with the rise in oil exports to 2.6 million barrels per day, although affected by the non-oil activities to the security situation. "and stressed that the "The cause of the lack of oil revenue for last year was due to the security situation and led to a budget deficit reached 6% of the rate of economic growth, GDP, and this in turn led to a decline in the budget of the Development Fund in the country during the year, dropping from 18 billion dollars to 6.5 billion dollars." Sdralafj explained that "the new draft budget for the current year, including agreements in the areas of huge security sector and social assistance and pensions and financial transfers to the provinces? 5 Link to comment Share on other sites More sharing options...
sandfly Posted March 28, 2014 Report Share Posted March 28, 2014 THANKS 1 Link to comment Share on other sites More sharing options...
sportfisher Posted March 28, 2014 Report Share Posted March 28, 2014 if there has been a drop in oil prices, then why haven't we seen that reflected at the gas pump....................? 3 Link to comment Share on other sites More sharing options...
thesjeske Posted March 29, 2014 Report Share Posted March 29, 2014 if there has been a drop in oil prices, then why haven't we seen that reflected at the gas pump....................? 101.67 a barrel last time I checked. Kind of high to me. 2 Link to comment Share on other sites More sharing options...
calkid11 Posted March 29, 2014 Report Share Posted March 29, 2014 Thank you Yota 1 Link to comment Share on other sites More sharing options...
gene45750 Posted March 29, 2014 Report Share Posted March 29, 2014 Ours has been under 3.50 most of the winter which I consider to be pretty good. My business is very sensitive to gas prices as I'm in the delivery business. Link to comment Share on other sites More sharing options...
Scortch Posted March 29, 2014 Report Share Posted March 29, 2014 Our increase in gas prices at the pump is SUPPOSEDLY due to maintenance of the refineries, which reduced gas production. Of course we all know it's Be that the oil companies spew to justify higher prices. Link to comment Share on other sites More sharing options...
outlawclg Posted March 29, 2014 Report Share Posted March 29, 2014 "the new draft budget for the current year, including agreements in the areas of huge security sector and social assistance and pensions and financial transfers to the provinces? Is this talking about the hcl? Link to comment Share on other sites More sharing options...
Rockymtnhi Posted March 29, 2014 Report Share Posted March 29, 2014 I believe he's talking about 2013 when oil prices dipped into the 80's. This year they are back up which will help their budget deficit. He indicated the security situation impacted oil revenue last year. Sounds like they are working on improvements in security. 2 Link to comment Share on other sites More sharing options...
Optomisticoptomist Posted March 30, 2014 Report Share Posted March 30, 2014 Well the situation is looking somewhat positive. Here in the Boston area we are seeing a slight increase in gas prices over the past month or so but still buying at 3.45 so I guess compared to what others are paying not that bad. Link to comment Share on other sites More sharing options...
jgc Posted March 30, 2014 Report Share Posted March 30, 2014 I really hope this guys predictions come true. Let's RV! Link to comment Share on other sites More sharing options...
skeetdog Posted March 30, 2014 Report Share Posted March 30, 2014 Thanks Yota...This's good news and good timin' of good news... Link to comment Share on other sites More sharing options...
DanielM Posted March 31, 2014 Report Share Posted March 31, 2014 Same here in Texas, it's been going up & down a little but holding around $3.25.....pray it RV's soon!!! Link to comment Share on other sites More sharing options...
Recommended Posts