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Advisor to the Prime Minister: The financial situation in Iraq is stable and sound
Balsam Hameed two hours ago one minute
Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed today, Thursday, that
the future outlook for the financial situation in Iraq is stable, while indicating that
oil market indicators are still more than 10% above the price specified in the budget until now. Saleh said to the official agency, followed by (Al-Ola News):
“The federal general budget for the year 2024 is still stable, with an
expenditure ceiling of about 199 trillion Iraqi dinars and
allocations in investment expenditures exceeding 25 percent of the total expenditure ceiling, and
oil exports are stable at their rates.”
It is set at approximately 3.4 million barrels of oil per day, at a price per barrel for the purposes of calculating budget revenues from exported oil of $70 per barrel,” pointing out that
“oil market indicators still exceed the price specified in the budget by more than 10% until the moment.” He added,
"Energy market expectations point to an increase in the needs of continued demand for crude oil in general," noting that
"the future outlook on Iraq's financial situation is stable." He pointed out that
“there is high stability as we enter the second month of the current year,
which indicates that the budget is in balance and carries some surpluses,
so the situation is stable, good and sound.”
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Balsam Hameed two hours ago one minute
Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed today, Thursday, that
the future outlook for the financial situation in Iraq is stable, while indicating that
oil market indicators are still more than 10% above the price specified in the budget until now. Saleh said to the official agency, followed by (Al-Ola News):
“The federal general budget for the year 2024 is still stable, with an
expenditure ceiling of about 199 trillion Iraqi dinars and
allocations in investment expenditures exceeding 25 percent of the total expenditure ceiling, and
oil exports are stable at their rates.”
It is set at approximately 3.4 million barrels of oil per day, at a price per barrel for the purposes of calculating budget revenues from exported oil of $70 per barrel,” pointing out that
“oil market indicators still exceed the price specified in the budget by more than 10% until the moment.” He added,
"Energy market expectations point to an increase in the needs of continued demand for crude oil in general," noting that
"the future outlook on Iraq's financial situation is stable." He pointed out that
“there is high stability as we enter the second month of the current year,
which indicates that the budget is in balance and carries some surpluses,
so the situation is stable, good and sound.”
[You must be registered and logged in to see this link.]
