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Iraqi Budget Expenditure In 2012 Projected To Rise By 21%
Published on Monday, 12 Dec 07:00 am
The Iraqi Council of Ministers on 5 December approved a draft budget for 2012 with total expenditure of ID117,000bn ($100.9bn), up 21% from 2011, and a deficit of ID17,000bn ($14.7bn), marginally higher than the 2011 deficit of ID15,728bn ($13.5bn) The budget is based on an oil price assumption of $85/B, up 11% from $76.50/B in 2011, and oil exports of 2.625mn b/d.
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