The Currency Newshound: Specialists: drop in oil prices would disrupt next year’s budget

The Currency Newshound
Providing news which shapes the Iraqi economy and the future of the Iraqi Dinar
Specialists: drop in oil prices would disrupt next year's budget
Oct 31st 2012, 15:11

showed a number of specialists in the economic fears of the possibility of lower oil prices globally, which can lead to confusion of Iraq's budget for next year, which was built on the basis of calculating the price of $ 90 a barrel, which would cause, according to the views of specialists to increase the budget deficit, and therefore having to reduce the total capital expenditures and operating, or borrowing, as happened during the global financial crisis in 2008, and whilst reducing the Ministry of Finance of the risks it mentioned that he came after increasing public expenditure of the state, expressed Monetary Fund and the World Bank their reservations on the process of calculating the value of a barrel of oil in the next budget, especially with the foggy scene production and export of Petroleum Iraqi could drop due to a variety of factors affecting it, particularly the security factor.

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