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Iraqi parliament approves 2015 budget worth $105 bln
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Iraqi parliament approves 2015 budget worth $105 bln
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
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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Trust but Verify --- R Reagan
"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
Kevind53- Super Moderator
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Re: Iraqi parliament approves 2015 budget worth $105 bln
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?
BritishBulldog- VIP Member
- Posts : 1323
Join date : 2013-09-20
Re: Iraqi parliament approves 2015 budget worth $105 bln
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.
*****************
Trust but Verify --- R Reagan
"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
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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