Highlights/Thoughts
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1. The Iraqi Council of Ministers approved the the 2011 budget
2. The amount of the budget is $96.6 trillion dinars with a $15 trillion deficit
3. $30 trillion is allocated for investment expense
4. $66 trillion were dispersed for expenditures on State institutions and independent bodies
They clearly did not adjust the budget using the higher oil price as was stated in an article just a couple days back. If they did, there wouldn't be a deficit.
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