Concerns raised over Budget figures

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Concerns raised over Budget figures

Concerns are being raised regarding the numbers around which the Government has based its budget.

Finance Minister Colm Imbert based the budget figures on an oil price assumption of US92 dollars and 50 cents per barrel.

Natural gas price assumption will be US6 dollars per MMBTU.

Former minister in the Ministry of Finance, Mariano Browne noted that these are the two biggest assumed prices in the budget in recent history despite a decline in production.

He suggested that contrary to the comments by Minister Imbert, there is no turnaround in the economy.