Saturday, August 1, 2009

Iraqi Dinar Value - Supplementary Budget Shows Deficit of Iraqi Dinar 3.9 Trillion

I guess we aren't the only ones that believe in huge deficits, is it possible the greatest US export is unsound financial planning?

http://www.edinarfinancial.net/news/?quer=&nm=&ny=&nn=601

Supplementary budget shows deficit of Iraqi dinar 3.9 trillion

July 29, 2009


“The supplementary budget, submitted to our committee, has an Iraqi dinar 5.3 trillion deficit. The committee believes that there is no need to present a supplementary budget with such a huge deficit,” Alaa al-Sadoon said.

On July 19, the Iraqi cabinet approved a draft supplementary budget for the current year, prepared by the Finance Ministry. The budget was planned to be devoted to provinces suffering from lack of allocations.(Source)Aswat Iraq

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