The Iraqi government recognizes the budget of 2011 at 79.6 billion dollars deficit of 11.99 billion

[legacyman73]

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

[Dinarmonsta]

Does this mean that the budget that we've been waiting for has been approved ? Just like that?

[Moe485]

Sounds like music to my ears... How about yall?

[ECSxFenrir]

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

[hammer911]

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!!!~~~

[dreaminRV]

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.

[ECSxFenrir]

From what I see this isn't final. It still hasn't been approved by parliament...

[Inahurry]

And Parliment is not officially in place yet....Baby steps here people

[Butifldrm]

Does anyone find it odd that their is only suppose to be 24 trillion Dinar in circulation? Hmmm.

[derrick rose]

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

[dreaminRV]

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...

[cgbrown]

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.

[dollarsense]

Approved????? or still needs approval

[legacyman73]

I just report the news that I get.

[grapeape]

The words proposed,assumes,anticipates,and expected kinda bother me as far as being solidified. not trying to offend

[legacyman73]

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.

[dreaminRV]

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?

[legacyman73]

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

[dreaminRV]

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

[waveone]

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.......

[legacyman73]

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!!

[zantac]

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