NO. 14


Financial and Banking News

Budgets & Revenues

Iraq's 1991 Budget Projects No Payments on Debts and Arrears

Iraqi newspapers reported on 4 January that the country's Parliament hadpassed a budget for 1991, but no figures were published for revenues orexpenditure. The newspapers reported Mr. Sadoon Hamadi, a deputy Prime Ministerand the Chairman of the country's Economic Committee, as saying that the budgetassumed that the UN economic blockade would remain in...