Middle East Economic Survey

VOL. LII

No 42

19-Oct-2009

IRAQ

Iraqi Cabinet Approves 14% Increase In 2010 Budget Expenditure

The Iraqi cabinet has approved the draft federal budget for 2010, with total revenue of ID60, 774bn and total expenditure of ID78, 733bn ($66.7bn at $1 = ID1,180) ID57,871bn for the ordinary budget and ID20,862bn for the investment budget and a resulting deficit of ID17,959bn. Announcing the 2010 budget, Iraqi government spokesman 'Ali Dabbagh said that the deficit will be...