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


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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 by ronscarpa
corrected link
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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

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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.

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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?

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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

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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

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