The Parliamentary Finance Committee noted the need to review the 2025 budget schedules if oil prices continue to fall below $70 per barrel.
She explained that "the final decision will be based on financial estimates of oil prices throughout the year. The price may be maintained if studies indicate it rises above $70. However, if the price falls below this level, the government must revisit the financial schedules."
The committee noted the existence of a real deficit in the budgets for the previous years, 2023 and 2024, and stated, "This requires careful handling of oil price fluctuations and their impact on the national economy."
Oil prices fell for the second day in a row, reaching their lowest levels in more than three years, after markets were shocked by a sudden increase in OPEC+ production, along with tariffs imposed by US President Donald Trump, which could lead to a reduction in global demand.