The Ministry of Finance reduce the importance of objection Monetary Fund and the World Bank to raise the price of a barrel of oil in the budget
25 October, 2012 07:15:00
Reduce the Ministry of Finance of the importance of an interception Monetary Fund and the World Bank to raise the price of a barrel of oil in the federal budget, indicating that the addition of five dollars on the price of a barrel came as a result of increased expenditures in the budget.
said Undersecretary Fadel Prophet it had been agreed when setting up strategic budget for 2013 between Iraq The IMF and the World Bank to be $ 85 a barrel, and there was no opposition to raise the price of a barrel to $ 90.
He added that the budget for next year rose value and estimated amounts for expenses rose led to calculating the price per barrel of $ 90 instead of $ 85, worth mentioning that the Council of Ministers approved in its final bill the federal budget for 2013 of $ (138) trillion dinars, an increase of $ 18 % from last year.