Mawazin News

Parliamentary Finance intends to reduce the price of selling barrels of oil by the budget of 2019

The Finance Committee of the parliamentary, on Thursday, it intends to reduce the price of selling barrels of oil within the federal budget for 2019 to avoid entering the country with a large financial deficit, while indicated that the budget will be approved early next month.

Committee member Siham al-Aqili said in a statement that the “survival of the price of selling oil barrels up to $ 56 in the budget of 2019 will expose the country to a large financial deficit can not be exceeded and may push the country to re-lending,” noting that ” Before the parliament to reduce prices by 40 to 46 dollars per barrel of oil to avoid the fiscal deficit.“

She added that “the reduction of the price of selling oil within the federal budget will be done before being submitted to vote within the House of Representatives through the agreement between the Finance Committee and the Ministry of Finance,” indicating that “the budget will be approved early next month after the completion of all amendments to them and discuss all ministries the size of expenditures and financial revenues to her”.

The economic expert Majid al-Suri had considered, earlier, the determination of 56 dollars the price of selling barrels of oil within the federal budget for 2019 that it would expose the country to a major financial crisis, while the government is expected to go to international borrowing to resolve the crisis of fiscal deficit. Source