BAGHDAD, The expert in economic affairs, Salam Samisem criticized the preparation of the budget for 2019, stressing that the price of oil in the budget next year is below the expectations of about $ 20 as a result of the budget is far from the reality of economic work.
"The most important mistakes made in the preparation of the budget in 2019 is the price of oil, which is now behind the expectations of nearly $ 20 as a result of the budget is far from the reality of economic work, noting that the price of oil in the budget put on the basis of $ 55 when the world price had reached $ 65 dollars and there were financial surpluses of oil revenues to know where it is because of the scattered efforts and lack of credibility of the preparation and the absence of economic logic of the management of the budget process.
She stressed that "The lack of economic appreciation has led to a big problem is that a new deficit will be added to the deficit expected in the budget of 2019, and whether the Iraqi government is able to do so, especially as we face many challenges, the economic embargo on Iran and its impact on Iraq and the issue of the Iraqi dinar.
She added, "The barrel of oil in the budget of 2019 needs to be adjusted, as it should be calculated on the pricing of the budget of 2018."
It is noteworthy that the Ministry of Finance revealed earlier that the federal budget for the next year 2019 adopted the amount of 55 - 60 dollars per barrel of oil, and an export rate of up to four million barrels per day, including the oil from the Kurdistan region.
Source: National Iraqi News Agency