An economist talks about the price of a barrel of oil in the 2022 budget
economic 01/23/2022 | 7:46 pm
information / special
Economist Dia Al-Mohsen expected, on Sunday, that the price of a barrel of oil in the 2022 budget will be $70, which will provide $140 billion in oil imports.
Al-Mohsen said in a statement to the Information Agency, that "the increase is not only in oil prices, but
there is a significant increase in the demand for oil quantities, which will explode the 2022 budget to 140 billion dollars in oil imports if the price of a barrel of oil is set at 70 dollars," noting that
“The price of $70 per barrel is the best price to protect the budget.”
He added that "there are also $50 billion in non-oil resources from taxes, tourism, and customs, in addition to the remaining rise in the price of a barrel of oil estimated in the budget, which means that the next budget will be an explosive amount of $190 billion."
And he indicated that "there is a financial abundance that will be in the next budget, given the price of oil,
but the problem lies in the financial legislature.
Is it capable of managing investment projects and providing job grades?"