KTFA (Don961)

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Don961: Representative Energy: The 2021 budget deficit will end with oil crossing the $ 60 per barrel barrier

17:12 – 02/13/2021
The Parliamentary Oil and Energy Committee confirmed, on Saturday, that the budget deficit will vanish and end if the price of a barrel of oil exceeds the barrier of $ 60 per barrel.

Bite of the Oil and Energy Committee, Zahra Al-Bajari, said to / the information / that “the budget deficit has decreased greatly to approximately 25 trillion after the adjustments made to the budget.”

She added, “The situation is promising with the slow escalation of oil prices,” noting that “the 2021 budget deficit will diminish if oil continues to rise and surpasses the $ 60 per barrel barrier and exports not less than 3 million barrels.”

And she continued, “The continuation of the rise to the end of 2021, it is possible that there will be an abundance, but the fluctuations are not constant and unpredictable in global oil prices.”  LINK

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Don961:  “Good news” will happen within the budget .. a “negative” step that Iraq may withdraw from it because it is not needed

2021-02-13  Yes Iraq: Baghdad

The Parliamentary Oil and Energy Committee confirmed, on Saturday, that the budget deficit will diminish and end if the price of a barrel of oil exceeds the barrier of $ 60 per barrel, which may negate the need for any borrowing that Iraq may lead.

A member of the Oil and Energy Committee, Zahra Al-Bajari, said in a press statement, “The budget deficit has greatly decreased to approximately 25 trillion after the adjustments made to the budget.”

And she added that “the situation promises good with the slow escalation of oil prices,” noting that “the 2021 budget deficit will diminish if oil continues to rise and surpasses the barrier of $ 60 per barrel and exports not less than 3 million barrels.”

And she continued, “The continuation of the rise to the end of 2021 is possible to have an abundance, but the fluctuations are unstable and unpredictable in global oil prices.”   LINK