Baghdad The consultant in economic development and investment, Amer Al-Jawahiri, confirmed: “The drop in the oil price is not worrisome, in light of the cumulative financial surplus.”
Al-Jawahiri said in a statement to the National Iraqi News Agency (NINA): “The price of oil affects the price of a barrel decided in the budget. If the price of a barrel of oil falls, this will certainly affect the budget. “
Al-Jawahiry explained: “This is over the course of expectations and not over the course of the current days. The geopolitical expectations give indications to those responsible for the economic file by setting a normal price less than the predicted one in the budget. This matter does not worry, and it is extremely small in as it does not affect what we want to do in terms of financial, economic building and reconstruction.
He added: “There is a cyclical financial surplus, accumulated in the current year, which addresses the expected deficit.”
Source: National Iraqi News Agency