Jamal Kougar: High Oil Revenues Will End The Budget Deficit

Baghdad Member of the Parliamentary Finance Committee, Jamal Kougar, confirmed that: the high oil revenues will end the budget deficit during the current year.

He told the National Iraqi News Agency (NINA) that: the rise in international oil prices will reflect positively on Iraq and increase its revenues to cover the large deficit that will end if prices continue to rise.

He added that: The rise in oil prices is not a reason or a condition for changing the currency exchange.

He explained that: The most important thing in the matter is ending the budget deficit and strengthening the bank reserves.


Source: National Iraqi News Agency