Middle East Economic Survey

VOL. LIV

No 7

14-Feb-2011

IRAQ

Iraqi Cabinet Raises Draft Budget Expenditure Slightly

The Iraqi cabinet has once again revised its proposed draft budget upwards, to a total expenditure of ID96,600bn ($82.6bn) ID66,600bn ($57.0bn) for ordinary expenditure and ID30,000bn ($25.6bn) for investment expenditure, the Minister of State and government spokesman 'Ali al-Dabbagh announced on 6 February. The draft budget will have a projected deficit of ID15,700bn ($13.4bn)...