The parliamentary oil and energy commission expected on Saturday that the government will achieve additional revenues in the budget due to the rise in international oil prices, pointing out that the continued rise in prices will end the deficit in the financial budget.
A member of the committee, Awad Al-Awadi told Mawazine News, "The government will generate significant financial revenues as a result of the continued rise in world oil prices."
Al-Awadi added that "the budget estimated the price of oil at about $ 45 per barrel, while exceeded about $ 70, which means that the surplus is very good."
"Continued high oil prices will end the need for external loans and fill the deficit in the budget during the current year."
It is noteworthy that the House of Representatives, had approved the law of the budget deficit estimated at 12 trillion dinars and that the government should provide the amount of external and internal loans.
The economic expert, Salam Samisem, told Mawazine News on Thursday that the rise in the price of oil has a positive effect in creating a currency difference that helps to strengthen the financial resources of the state, calling on the government to take advantage of the difference in bridging the budget deficit and reducing taxes on Citizens
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A member of the committee, Awad Al-Awadi told Mawazine News, "The government will generate significant financial revenues as a result of the continued rise in world oil prices."
Al-Awadi added that "the budget estimated the price of oil at about $ 45 per barrel, while exceeded about $ 70, which means that the surplus is very good."
"Continued high oil prices will end the need for external loans and fill the deficit in the budget during the current year."
It is noteworthy that the House of Representatives, had approved the law of the budget deficit estimated at 12 trillion dinars and that the government should provide the amount of external and internal loans.
The economic expert, Salam Samisem, told Mawazine News on Thursday that the rise in the price of oil has a positive effect in creating a currency difference that helps to strengthen the financial resources of the state, calling on the government to take advantage of the difference in bridging the budget deficit and reducing taxes on Citizens
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