$100 BILLION....Not 100B IQD but $100 BILLION DOLLARS....Just saying

READ ATTACHED LINK

http://www.iraq-businessnews.com/2011/12/07/iraq-approves-100bn-budget-for-2012/

Iraq Approves $100bn Budget for 2012

Posted on 07 December 2011. Tags: Budget
Iraq Approves $100bn Budget for 2012

Iraq’s Cabinet has approved a federal spending plan of almost $100 billion for 2012.

The budget is based on an oil price of $85 a barrel and is smaller than the $112 billion spending plan discussed by the Cabinet in September, which was based on an oil price of $90 a barrel.

The deficit will be about 16 trillion dinars ($14 billion).

Revenue projections are based on exports of 2.6 million barrels of oil a day, including 175,000 barrels from the northern Kurdish region.

Iraq’s 2011 budget was $82.6 billion, based on an average oil price of $76.50 per barrel and 2.2 million bpd in crude exports.

Iraq also has $4.5 billion in International Monetary Fund loans available should it need additional funds, government spokesman Ali al-Dabbagh (pictured) said.

The POINT is that you cannot have ANY budget AT ALL without a VIABLE economy....I.E., Working banking system, Private sector, sustainable trade agreement, STABLE working Gov, and lastly RECOGNIZABLY TRADABLE CURRENCY....A.K.A a value over .00086!!!! This process has made everyone cynical to the point of not being able to recognize even a little good news....Remember not even 10 years ago this country was completely DEMOLISHED!!!! I would say that this is good news considering that here in the US (A stable Gov for over 237 years now give or take a year) we have failed to finalize anything!!!! Budget, tax-laws, etc.....

I think that as long as folks take the USD, Iraq is going to operate just fine.