VOL. XLVI

No 42

20-October-2003

IRAQ RECONSTRUCTION

CPA Unveils Iraqi Budget For 2004-06 To Meet Bare Minimum Of Countrys Needs

The US-led Coalition Provisional Authority (CPA), in conjunction with the interim Iraqi Ministers of Finance and Planning, has published a budget for 2004-06 which it says will cover the bare minimum of the countrys requirements. The budget projects a deficit for 2004 of 886bn New Iraqi Dinars (NID $591mn based on the official budget exchange rate of $1 = NID1,500)....