Economy News

Parliamentary Finance: Oil price estimates stable and can avoid falling in this way?

The parliamentary Finance Committee confirmed on Sunday that it is not possible to manipulate the estimated prices of a barrel of oil in the budget of 2019, noting that any drop in prices will be avoided through loans granted to Iraq.

Committee member Haneen al-Qaddu said in a press statement that the budget put the speculative price of oil at $ 56, a good price that can not be reduced as rumored.

He said that the Iraqi economy is very affected by international oil prices, but it is able to compensate any shortage through tax funds and others.

“The government can withdraw its loans to the World Bank and the International Monetary Fund if there is a need to invest them in new projects,” he said. Source