firefly: Article: “Iraq to set oil price at $32 in 2016 budget” Quote: “Iraq plans to lower the oil price forecast in its 2016 budget to about $32 a barrel from $45, widening its fiscal deficit by several billion dollars, the International Monetary Fund (IMF) and a senior government official told Reuters.”
The revised budget, which has not been finalized, is part of Iraq’s negotiations for a standby agreement (SBA) with the IMF, the official added.
The SBA financing could be approved as early as June. Interesting timing according to the IMF statement of Iraq joining the Global Markets by the 1st half of 2016!
