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17 July 2009
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Yes, that report is more than a year old but I think you missed the reports that followed in the months afterward. Oil prices collapsed shortly after all the hubbub about Iraq's potential budget surplus and then buh-bye surplus!
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July 17, 2009
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This report is less than a year old.
http://www.huffingtonpost.com/2008/08/05/iraqi-budget-surplus-of-7_n_117069.html?page=4
Unless they are paying to give their oil away, clearly they can affort $250 M to fund future economic growth.
http://www.huffingtonpost.com/2008/08/05/iraqi-budget-surplus-of-7_n_117069.html?page=4
Unless they are paying to give their oil away, clearly they can affort $250 M to fund future economic growth.
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July 17, 2009
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Come on, Scott; you can't even link to the actual article but a repost through the snide, abysmal HuffPo.
I agree, Iraq should spend it's own money on jump starting it's entrepreneurs and rebuilding it's infrastructure but they so far have proven they can barely get a budget bill passed, let alone actually spend the money and spend it wisely.
For a report only a few months old read here: http://online.wsj.com/article/...81881.html
They don't have $100B just sitting around and are cutting their budget...
I agree, Iraq should spend it's own money on jump starting it's entrepreneurs and rebuilding it's infrastructure but they so far have proven they can barely get a budget bill passed, let alone actually spend the money and spend it wisely.
For a report only a few months old read here: http://online.wsj.com/article/...81881.html
They don't have $100B just sitting around and are cutting their budget...
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August 04, 2009
The above report is more than a year old. There should be well over 100 Billion $ surplus in Iraqi budget due to oil revenues. What are we thinking? Let them bootstrap themselves