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Aerospace

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Aerospace

Re: None

Thursday, 07/03/2008 6:16:57 PM

Thursday, July 03, 2008 6:16:57 PM

Post# of 29692
$70 Billion Budget
http://www.iraqupdates.com/p_articles.php/article/33274
03 July 2008 (AME Info FZ LLC)
Iraq wants to raise its 2008 budget by 44% to a record $70bn, cashing in on record oil prices to rebuild shattered infrastructure, reported Reuters.

The country's finance ministry has submitted a supplementary budget of $21bn - on top of February's 2008 budget of $48bn - as prices for Iraq's main export oil hits record highs


There goes that $70 billion we were told about over and over. It is being earmarked for the budget. It will not be spent to buy back and retire currency as this board was led to believe.
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