MP criticizes oil pricing within 2013 federal budget

MP criticizes oil pricing within 2013 federal budget

Baghdad ( The rappoteur of the Parliamentary Economy Committee, Mahma Khalil described adoption of the pricing of $ 90 for each oil barrel within 2013 federal budget as a great mistake committed by the Government.

Khalil stated to “The establishing of the Iraqi federal budget on $ 90 is among the greatest mistakes committed by the Government because we expect the decrease of the oil prices less than this rate due to many factors including the oil surplus in the international markets and the climate change.”

“The financial allocations for this sector do not meet the required level; therefore the economy must be built on proper strategic and economic vision without depending only on single revenue,” he concluded.

Leave a Reply

Your email address will not be published. Required fields are marked *

Iraqi Parliament passes Telecommunications & Informatics law

Iraqi Electricity Ministry, Swiss company sign contract in power sector