Middle East Economic Survey

VOL. LI

No 32

11-Aug-2008

IRAQ

Iraq Budget Surplus Estimated At $38-50Bn In 2008, Says GAO

Iraqs budget surplus is expected to average between $38.2bn and $50.3bn in 2008, according to the Stabilizing And Rebuilding Iraq: Iraqi Revenues, Expenditures, and Surplus report published in August by the US Government Accountability Office (GAO). In 2008, Iraq could generate $73.5-86.2bn in total revenues, with oil exports accounting for $66.5-79.2bn, said GAO. These projections...