Highlights/Thoughts
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1. National Alliance said the failure to approve the 2011 budget is due to a lot of deficit expenditure and resources of the Iraqi State
2. All existing resources in the budget doesn't cover expenditures required by the government
3. There are solutions that may determine 3 options which may cause borrowing from the CBI
4. It was noted that there is reservation regarding borrowing from the CBI
5. It was also mentioned that they could borrow from the IMF
6. The last option was to adjust the operating expenditures to match revenue
See related posting
Please, do U believe there's an organic relation- ship between the legislature's approving the budget, and the international trade of Iraqi oil
ReplyDeleteand gas, and revaluing the New Iraqi Dinar? Are
these 3 actions absolutely inter-related and, in a real sense, contingent on one another? Or, am
I kidding myself with wishful thinking?
Could the first 2 happen without the 3rd automatically following, whether incrementally
or an immediate reset to around $3.50/Dinar?