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Rudy Post: "Hot Off Wires" from Reuters


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* Rudy Post: don't promote other sites 2/10/11

February 10th, 2011 08:21 pm · Posted in CHATS & POSTS (Iraqi Dinar Info)

“Hot Off the Wires” from Reuters

An ID96.6trn ($82.6bn) budget has been proposed by the Iraqi cabinet for 2011, its latest revision of its spending plans after haggling with lawmakers amid rising oil prices, Reuters has reported. The bulk of the budget, ID66.6trn, had been allocated to operational expenses, while ID30trn would go to investment, government spokesman Ali al-Dabbagh said. The budget was based on an average oil price of $76.50 per barrel and 2.2 million barrels per day in crude exports.

Rudy Comment: SO FOLKS THIS MEANS THE BUDGET HAS BEEN PROPOSED, NOT RATIFIED OR ACCEPTED AS OF YET. THIS INFO CAME FROM AMEINFO.COM A LEADING MIDDLE EASTERN BANKING NEWS SITE. GO THERE TO REVIEW. THIS IS UP TO DATE AS OF NOW. SO LETS HOPE IT GETS RATIFIED ON SUNDAY, THEN WE WILL SEE THINGS PROGRESS MORE RAPIDLY. PLEASE DONT LISTEN TO SITES THAT SAY THE BUDGET IS IN PLACE, AS OF NOW THIS IS THE NEWEST INTEL ( AMEINFO.COM )

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:D Per information cited in another post, they are dotting their "i" and crossing their "t"

I'm thinking that's code for any day now :D

Edited by Rayzur
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Is the budget a huge factor?? They have had a ratified budget every year... this is not new or unique to this year. I think more important than the budget is having a fully seated government.

No they did not have a ratified budget, there was no government in place to vote on it last year.

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