Finance amends its estimates of oil prices to range between 52 and 56 dollars per barrel
Lifted Ministry Financial estimates for the average price of wheat to reach $ 230 per ton, compared to $ 199.5 when preparing the current budget.
This came in the semi-annual review of the performance of the general budget for the current fiscal year, which was issued by the ministry today.
و .بقت Ministry Based on its estimates of the level of interest on government debt instruments at 13.5%, which is the same target rate at the time of preparing the general budget.
It also revised its estimates of oil prices to range between 52 and 56 dollars per barrel, as a result of the decline in oil prices during the past 6 months due to the outbreak of the Coronavirus pandemic and the decrease in demand due to the deterioration of the global economic situation, compared to about $ 61 earlier.
The ministry also lowered its estimates of the expected GDP by the end of next June to 6.4 trillion pounds compared to 6.844 trillion pounds in estimates of budget preparation, a decrease of 444 billion pounds.
The article “Finance” raises its estimate of the world price of wheat to 230 dollars per ton instead of 200 dollars it was written in the Al-Borsa newspaper.