An Economist Stresses The Need For A Deliberate Plan To Benefit From The Rise In Oil Price

Baghdad The economic expert, Abdul Hassan Al-Shammari, stressed the need for a well-thought-out plan to benefit from the rise in oil price.

He told the National Iraqi News Agency (NINA): According to the current data, the price difference may be benefited from with a supplementary budget or added to the central bank.

Al-Shammari added that: It is better to go to the payment of foreign debts or to a budget for investment, industrial, agricultural and infrastructure.

Oil prices are witnessing an increase of more than $70 a barrel, knowing that the country’s budget for the current year is based on $45 a barrel.

Source: National Iraqi News Agency