Highlights/Thoughts
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1. A member of the National Alliance said that the delay in approving the budget is due to the high world oil prices
2. The budget estimated $73/barrel, or 14 Dinar
3. The price has risen to $75/barrel
4. Need to adjust the price per barrel in the budget
5. Using the higher price will shrink the deficit
A couple things to note. People are estimating the rate in the budget is $5.21 based on the $73/barrel and 14 Dinar figures. 73 divided by 14 = 5.21. Secondly, it should be noted that they have been talking about filling the budget deficit by raising the price per barrel for a while now. Perhaps the news of the delay is old news? Maybe they're just revealing the rate?
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