Economist warns of Iraqi budget shortfall due to low oil revenue production

Posted: November 10, 2013 in Iraqi Dinar/Politics
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Economic
An expected budget deficit next year to low oil production

09-11-2013 12:47 PM

Baghdad (newsletter). Excluded Economist Mohammed dargham, a financial abundance in the current year’s budget for the implementation of projects stalled, indicating a lack of financial income due to lack of oil production.

He Mehmet Ali (News Agency): oil output this year was below expectations, and the lack of a budget deficit next year because consumption of all madorat the reserves can finance the budget.

He continued that lack oil production will affect revenues this year, the export volume of the province by the conventions where failed to export more than 300,000 barrels per day.

Mohammed Ali ruled out: financial abundance in possible budget launched
New projects or stopped, noting that the increase in the budget ceiling in accordance with the decisions of the Government’s energy sector and strategic projects in the future received the largest proportion of financial abundance

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