Chalabi: the budget deficit will rise to 43 trillion dinars if oil prices below $50

[k98nights]

Chalabi: the budget deficit will rise to 43 trillion dinars if oil prices below $50

January 7, 2015 5: 27 pm

The parliamentary Finance Committee would likely head, Dr. Ahmed Chalabi's high fiscal deficit for 2015 to 43 trillion dinars instead of 25 trillion dinars.

Parliamentary sources said that Chalabi among during read the report of the Finance Committee on the budget in the Parliament session today that if the adoption of the budget on the oil price of $ 60 with low world oil prices below 50 dollars, or landing to less than $ 45, it will generate a budget deficit estimated at 18 trillion dinars, in addition to the existing deficit 25 trillion dinars ".

The House of representatives today resumed regular meetings which followed its finance reading budget report and second reading it.

http://burathanews.com/news/256604.html

[Deborah Layne]

Oh brother

[Wiljor]

I do not believe that oil will stay low very long. Perhaps long enough to squeeze out the competition and re align the industry back into the hands of the ME, but completely. Im sure its more involved then that but perhaps one of many points. Once oil returns to the 60-70 dpb range, its business as usuall and Im sure Iraq is not worried about the range oil is in now. Jmo

[davis411]

it is a game going on for sure, i read the other day that 45.00 will be the turn or stop point by the me,

one of their financial guys did up a report, but who knows for sure.

lets rv so i can afford to buy gas regardless

[new york kevin]

I agree with Wiljor and Davis.

[Deborah Layne]

I agree with New York Kevin

[RV on my mind]

All I know is that I'm enjoying the low gas prices. As much as I drive, it's saving me about $700 a month right now. 

[Deborah Layne]

You still owe me that $700 you borrowed, dude.

[boosterbglee]

I agree with Deborah Layne!

[sandfly]

THANKS