A valid appearance reveals the details of the 2023 balance and the 2024 budget horizon
Financial Advisor to Prime Minister Mazhar Mohammed Saleh confirmed on Sunday that the trilateral budget for 2023 hedged a default price of $70 per barrel of oil produced, which arranged an annual hypothetical deficit of 64 trillion Iraqi dinars.
Saleh explained in a statement to the {Euphrates News} agency that “crude oil contributes less than 90% of the annual general budget, but the average price of a barrel in 2023 amounted to $ 83 dollars, which led to covering the deficit and making the budget free of deficit.”
Regarding the 2024 budget, Saleh pointed out that “the average expected price of a barrel of oil is about $ 75 per barrel, which requires some borrowing to support investment expenses by not exceeding 3% of GDP,” describing it as “the normal situation according to the principle of Iraq’s financial space.”
From.. Ragheed
https://alforatnews.iq/news/مظهر-صالح-يكشف-تفاصيل-موازنة-2023-وأفق-موازنة-2024
No comments:
Post a Comment