legacyman73 Posted November 30, 2010 Report Share Posted November 30, 2010 (edited) The Iraqi government recognizes the budget of 2011 at 79.6 billion dollars deficit of 11.99 billion Posted: November 30, 2010 Tags: Finance Minister, Iraq, middle east, Nouri al-Maliki, OPEC, Politics of Iraq, reuters, United States Vice Minister of Finance of Iraq Iraq’s government has approved on Tuesday a proposed budget for 2011 size of 92.98 trillion dinars (79.6 billion dollars) assumes an oil price of 73 dollars per barrel. Fadel said Abdul Nabi, told Reuters after the weekly cabinet meeting that the budget anticipates a deficit of $ 14 trillion dinars (11.99 billion dollars) and to inform the oil exports 2.25 million barrels per day next year. Is expected to be spending 64 trillion dinars (54.79 billion U.S. dollars). Iraq relies on the OPEC member’s oil revenues to finance about 95 percent of its budget which still needs parliamentary approval. http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.babnews.com/inp/view.asp%3FID%3D31331&prev=_t&rurl=translate.google.com&twu=1 Edited November 30, 2010 by ronscarpa corrected link 1 Link to comment Share on other sites More sharing options...
Dinarmonsta Posted November 30, 2010 Report Share Posted November 30, 2010 Does this mean that the budget that we've been waiting for has been approved ? Just like that? Link to comment Share on other sites More sharing options...
Moe485 Posted November 30, 2010 Report Share Posted November 30, 2010 Sounds like music to my ears... How about yall? 1 1 Link to comment Share on other sites More sharing options...
ECSxFenrir Posted November 30, 2010 Report Share Posted November 30, 2010 With this size budget approved what rate can be speculated and when? Still waiting for the GOI? I know another person said this goes with $3 rate RV but I want to see the logic behind it not just the statement at the end. GO RV Link to comment Share on other sites More sharing options...
hammer911 Posted November 30, 2010 Report Share Posted November 30, 2010 Good find man.. It says approved proposed budget??? So is thiis a translation thing or has it been aproved all the way? Not sure but at least it is posibly done or moveing forward... GO RV!!!~~~ Link to comment Share on other sites More sharing options...
dreaminRV Posted November 30, 2010 Report Share Posted November 30, 2010 Not to rain on your parade here folks, but if you do the math, it comes out to 1168 dinars to the dollar, and .00085 dollars to the dinar. It ain't rocket science. 3 Link to comment Share on other sites More sharing options...
ECSxFenrir Posted November 30, 2010 Report Share Posted November 30, 2010 From what I see this isn't final. It still hasn't been approved by parliament... Link to comment Share on other sites More sharing options...
Inahurry Posted November 30, 2010 Report Share Posted November 30, 2010 And Parliment is not officially in place yet....Baby steps here people Link to comment Share on other sites More sharing options...
Butifldrm Posted November 30, 2010 Report Share Posted November 30, 2010 Does anyone find it odd that their is only suppose to be 24 trillion Dinar in circulation? Hmmm. Link to comment Share on other sites More sharing options...
derrick rose Posted November 30, 2010 Report Share Posted November 30, 2010 The Iraqi government approves 2011 $79.6 billion budget with a deficit of $11.99 billion Finance Minister, Iraq, middle east, Nouri al-Maliki, OPEC, Politics of Iraq, reuters, United States Vice Minister of Finance of Iraq Iraq’s government has approved on Tuesday a proposed budget for 2011 size of 92.98 trillion dinars (79.6 billion dollars) assumes an oil price of 73 dollars per barrel. Fadel said Abdul Nabi, told Reuters after the weekly cabinet meeting that the budget anticipates a deficit of $ 14 trillion dinars (11.99 billion dollars) and to inform the oil exports 2.25 million barrels per day next year. Is expected to be spending 64 trillion dinars (54.79 billion U.S. dollars). Iraq relies on the OPEC member’s oil revenues to finance about 95 percent of its budget which still needs parliamentary approval. http://bit.ly/hnt6jS Link to comment Share on other sites More sharing options...
dreaminRV Posted November 30, 2010 Report Share Posted November 30, 2010 Oh God, here we go again. This was posted already. A good find, but if you do the math, this comes out at today's exchange rate... Link to comment Share on other sites More sharing options...
cgbrown Posted November 30, 2010 Report Share Posted November 30, 2010 The Iraqi government approves 2011 $79.6 billion budget with a deficit of $11.99 billionFinance Minister, Iraq, middle east, Nouri al-Maliki, OPEC, Politics of Iraq, reuters, United States Vice Minister of Finance of Iraq Iraq’s government has approved on Tuesday a proposed budget for 2011 size of 92.98 trillion dinars (79.6 billion dollars) assumes an oil price of 73 dollars per barrel. Fadel said Abdul Nabi, told Reuters after the weekly cabinet meeting that the budget anticipates a deficit of $ 14 trillion dinars (11.99 billion dollars) and to inform the oil exports 2.25 million barrels per day next year. Is expected to be spending 64 trillion dinars (54.79 billion U.S. dollars). Iraq relies on the OPEC member’s oil revenues to finance about 95 percent of its budget which still needs parliamentary approval.http://bit.ly/hnt6jS Which is it: approved or still waiting to be approved. 1 1 Link to comment Share on other sites More sharing options...
dollarsense Posted November 30, 2010 Report Share Posted November 30, 2010 Approved????? or still needs approval 1 1 Link to comment Share on other sites More sharing options...
legacyman73 Posted November 30, 2010 Author Report Share Posted November 30, 2010 I just report the news that I get. 1 Link to comment Share on other sites More sharing options...
grapeape Posted November 30, 2010 Report Share Posted November 30, 2010 The words proposed,assumes,anticipates,and expected kinda bother me as far as being solidified. not trying to offend Link to comment Share on other sites More sharing options...
legacyman73 Posted November 30, 2010 Author Report Share Posted November 30, 2010 lol I already posted this!!! nice one hey newbie look before you post anymore. We don't need the same stuff reported over and over again. 4 Link to comment Share on other sites More sharing options...
dreaminRV Posted November 30, 2010 Report Share Posted November 30, 2010 The Iraqi government recognizes the budget of 2011 at 79.6 billion dollars deficit of 11.99 billion Posted: November 30, 2010 Tags: Finance Minister, Iraq, middle east, Nouri al-Maliki, OPEC, Politics of Iraq, reuters, United States Vice Minister of Finance of Iraq Iraq’s government has approved on Tuesday a proposed budget for 2011 size of 92.98 trillion dinars (79.6 billion dollars) assumes an oil price of 73 dollars per barrel. Fadel said Abdul Nabi, told Reuters after the weekly cabinet meeting that the budget anticipates a deficit of $ 14 trillion dinars (11.99 billion dollars) and to inform the oil exports 2.25 million barrels per day next year. Is expected to be spending 64 trillion dinars (54.79 billion U.S. dollars). Iraq relies on the OPEC member’s oil revenues to finance about 95 percent of its budget which still needs parliamentary approval. http://don't promote other sites.wordpress.com/2010/11/30/the-iraqi-government-recognizes-the-budget-of-2011-at-79-6-billion-dollars-deficit-of-11-99-billion/ OK, one last time in english. If you divide 929800 by 796, you get 1168. If you divide 796 by 929800, you get .00085. Can someone PLEASE tell me if this approved proposed budget means that it reflects THE NEW RATE? 1 Link to comment Share on other sites More sharing options...
legacyman73 Posted November 30, 2010 Author Report Share Posted November 30, 2010 (edited) Look I want to retract this report because I don't think it is right. After looking at other info I think this might be wrong. Like I said before I report the news to all, good or bad. Edited November 30, 2010 by legacyman73 1 2 Link to comment Share on other sites More sharing options...
dreaminRV Posted November 30, 2010 Report Share Posted November 30, 2010 Look I want to retract this report because I don't think it is right. After looking at other info I think this might be wrong. Like I said before I report the news to all, good or bad. If this is accurate legacy, we need to stay informed. You do as you wish with this, but if it's the truth, best we find out now!!! JMO 1 Link to comment Share on other sites More sharing options...
waveone Posted November 30, 2010 Report Share Posted November 30, 2010 lol I already posted this!!! nice one hey newbie look before you post anymore. We don't need the same stuff reported over and over again. So it was a mistake -no harm done. Try and resist the temptation of being so asinine....... Link to comment Share on other sites More sharing options...
legacyman73 Posted November 30, 2010 Author Report Share Posted November 30, 2010 This report is not from me but from another source. After looking more into it even I don't know if it's right, but it's what I found doing research on the budget. Also it came out today. I hope it's not true because the numbers suck!! Link to comment Share on other sites More sharing options...
zantac Posted November 30, 2010 Report Share Posted November 30, 2010 Oh God, here we go again. This was posted already. A good find, but if you do the math, this comes out at today's exchange rate... Without being rude why don’t you post the maths equations so we can see the theory behind what you are saying? Most on here including me don’t know how to work this out. After all it is courteous to post links or explanations at times. Thanks Z 2 Link to comment Share on other sites More sharing options...
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