Undersecretary of the Ministry of Finance of high oil prices in global markets augurs

[shela1153]

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Said Undersecretary of the Ministry of Finance Fadel Prophet said that Iraq would fill a budget deficit in 2011 and is expected to reach $ 13.6 billion, if oil prices remain at $ 97.

The prophet said in a press statement that the average oil prices during the current year is $ 80 a barrel, so Iraq would not borrow through the issuance of bonds or from the IMF and World Bank to cover the deficit, what Lemuel deficit Bodhun Treasury sold to Iraqi banks, saying that borrowing from the Central Bank of Iraq not on the table.

He added that the budget of 2011, including 2.5 trillion dinars for the payment of international oil companies operating in Iraq, including those working in the Kurdistan Region.