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Parliamentary warnings of shrinking the budget because of lower oil prices

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Rocky


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Parliamentary warnings of shrinking the budget because of lower oil prices



November 9, 2015 0


Warned a member of the Commission on oil and energy parliamentary from the fall in oil prices in the coming months will lead to the contraction of the budget, calling for the search for alternatives is oil to prevent economic crises in Iraq.
A member of the committee MP Mezni in a press statement seen by the agency of our economy news that oil prices, the deterioration of a negative impact on the Iraqi economy, especially after the rise in the cost of producing a barrel in licensing rounds decades, with more than $ 21, indicating that this price is no longer a secret to anyone and it is clear for all political blocs.
Mezni and called to note the economic side reforms and the search for solutions and alternatives and to reconsider the licensing rounds, as well as the formation of a special committee be for the management of economic matters without dependence on ministries.
The Prime Minister, Dr. Haider al-Abadi, had confirmed during a press conference held last Saturday sought the Council of Ministers to approve the budget for fiscal 2016 at a reasonable price for oil, stressing that his government will hold accountable all of wasted wealth of Iraq in previous governments.

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