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Iraqi parliament approves 2015 budget worth $105 bln

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Iraqi parliament approves 2015 budget worth $105 bln Empty Iraqi parliament approves 2015 budget worth $105 bln

Post by Kevind53 Thu Jan 29, 2015 10:29 pm

Saif Hameed, Baghdad / Reuters
Thursday, 29 January 2015

Iraq's parliament approved abudget worth 119 trillion Iraqi dinars ($105 billion) on Thursday, made possible by improved ties between Baghdad and the autonomous Kurdish region, but constrained by plunging global oil prices.

The budget, revised to trim the forecast for oil to $56 a barrel from $70 as originally assumed, foresees a deficit of 25
trillion dinars ($22 billion dollars).

Prime Minister Haider al-Abadi fears lower oil revenues could hurt Iraq's military campaign against Islamic State
militants who swept across northern Iraq last summer, prompting U.S.-led air strikes.

The government of former prime minister Nuri al-Maliki failed to pass a 2014 budget after relations between Sunnis and
Kurds deteriorated.

($1 = 1,135.0000 Iraqi dinars)

http://english.alarabiya.net/en/business/economy/2015/01/29/Iraqi-parliament-approves-2015-budget-worth-105-bln.html

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 Iraqi parliament approves 2015 budget worth $105 bln 2805820865  Iraqi parliament approves 2015 budget worth $105 bln 2805820865  Iraqi parliament approves 2015 budget worth $105 bln 2805820865  Iraqi parliament approves 2015 budget worth $105 bln 2805820865
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Iraqi parliament approves 2015 budget worth $105 bln Empty Re: Iraqi parliament approves 2015 budget worth $105 bln

Post by BritishBulldog Thu Jan 29, 2015 10:40 pm

So does that pretty much prove that it's not going to Change rates?. Can they approve a budget at a certain rate...and then change it? Or does the rate against the USD etc. not effect the budget?
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Iraqi parliament approves 2015 budget worth $105 bln Empty Re: Iraqi parliament approves 2015 budget worth $105 bln

Post by Kevind53 Thu Jan 29, 2015 10:55 pm

I would say it does .... we'll know more when we see the actual budget, but based on the fact tht there is no significant change between what they proposed but never passed for 2014, and upon my analysis of their proposed 2015 budget about a month ago, I would say so.

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Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 Iraqi parliament approves 2015 budget worth $105 bln 2805820865  Iraqi parliament approves 2015 budget worth $105 bln 2805820865  Iraqi parliament approves 2015 budget worth $105 bln 2805820865  Iraqi parliament approves 2015 budget worth $105 bln 2805820865
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