Iraqi News Federal Budget Upped by ID1 Trillion January 17, 2010 - 12:28:38

[tbush]

Federal Budget Upped by ID1 Trillion

January 17, 2010 - 12:28:38

BAGHDAD / Aswat al-Iraq: Iraq

[Latina]

please explain?

[FLAPJACK]

BAGHDAD / Aswat al-Iraq: Iraq’s federal budget for the year 2010 has been increased by 1 trillion Iraqi dinars (ID) to reach 84.6 trillion and is currently awaiting a cabinet approval before a parliamentary vote is taken, an Iraqi lawmaker said on Sunday.

By the Iraq's making more money will make the dinar less valuable ie....US currency

[Kent]

That means about 85% of their GDP is government spending... Wow. Then in another article posted today US is spending another $40 Mil US per month over there (about 480 Bln IQD per yr)?

[tintnit]

how can they up there budget if they are broke

just to spend more of what they dont have unless they know

there going to r/v?

[mauser]

This only comes to about 72.5 billion U.S. Dollars for there budjet if the RV 1:1...

[pep007]

if it doesn't rv it will be about 90 billion us dollars, if it does rv 1 to 1 it would be 84 trillion dollars.

[pep007]

This is just my opinion, If they rv that would mean the budget would be 84.6 trillion at 1:1 US dollars. I dont think even the USA could spend that much money in one years time. But maybe Obama can. lol So maybe this is telling us it isnt rving. Just my opinion.

[Barbann]

Well it is the US teaching them afterall!! LOL

[mauser]

Talk about shifting comas for a period... my bad on the calulations...