Wednesday, January 26, 2011

1-26-11 Current oil prices will fill a budget deficit in Iraq

Highlights/Thoughts
Click on the title of this posting to get to the details of this article

1. Official from the Finance Ministry said that Iraq will fill the budget deficit (expected to reach $13.6 b at current prices) if oil reaches $97 a barrel
2. He said that borrowing from the CBI is not needed
3. In regards to the recent Federal Court ruling, he said that he expected the IMF to reverse the decision

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