Middle East Economic Survey
VOL. LIII
No 50
13-Dec-2010
IRAQ
Iraqi 2011 Draft Budget Projects Steep Decline In Deficit To $12Bn
The Iraqi cabinet has approved a draft budget for 2011 with total revenue at ID78,705bn ($67.3bn), total expenditure at ID92,980bn ($79.5bn) and a resulting deficit of ID14,275bn ($12.2bn), government spokesman 'Ali Dabbagh announced on 30 November. Mr Dabbagh said that the budget, which awaits parliaments approval, will be based on an oil price assumption of $73/B...
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