The economist, Ihssan Al-Kinani, stressed that the government will not need external borrowing to finance the budget, pointing out that the current days and their aftermath will witness an increase in oil prices and will compensate the losses incurred by Iraq due to the decline .
Al-Kanani told Al-Maalouma that the government has a cash reserve in excess of $ 60 billion, and it is possible to borrow from it or invest it properly to compensate for the losses in the oil price drop and increase this reserve .
He added, "The government no longer needs to borrow abroad in light of the high oil prices, as non-oil revenues and the correct investment in the border outlets are enough to solve the financial crisis ."
And that "the coming days will witness an increase in oil prices with the recovery of the Gulf markets and Asian countries, with the decline of Corona in some countries, especially the industrial, and the return of normalcy after stopping for more than three months." The Nusef al-Hikma MP Ali al-Aboudi ended, on Tuesday, 25, Prime Minister Mustafa al-Kazemi al-Da'if because he was not moving to justice the health director of Dhi Qar as a result of the threat he received in his department.
www.almaalomah.com/2020/06/17/480205/
Al-Kanani told Al-Maalouma that the government has a cash reserve in excess of $ 60 billion, and it is possible to borrow from it or invest it properly to compensate for the losses in the oil price drop and increase this reserve .
He added, "The government no longer needs to borrow abroad in light of the high oil prices, as non-oil revenues and the correct investment in the border outlets are enough to solve the financial crisis ."
And that "the coming days will witness an increase in oil prices with the recovery of the Gulf markets and Asian countries, with the decline of Corona in some countries, especially the industrial, and the return of normalcy after stopping for more than three months." The Nusef al-Hikma MP Ali al-Aboudi ended, on Tuesday, 25, Prime Minister Mustafa al-Kazemi al-Da'if because he was not moving to justice the health director of Dhi Qar as a result of the threat he received in his department.
www.almaalomah.com/2020/06/17/480205/