"The Iraqi government could end the year with as much as a $79 billion budget surplus as ever-increasing oil revenues pile on top of leftover income the Iraqis still haven't spent on their national rebuilding effort, congressional auditors say.A report by the Government Accountability Office made public Tuesday prompted renewed calls from senators that Baghdad pay more of the bill for its own reconstruction, which has been heavily supported with U.S. funds.The projected Iraq surplus, including unspent money from 2005 through 2008, has been building because of rising world oil prices, increasing Iraqi oil production, the government's inability to execute budgets for spending its money and persistent violence in the country, the GAO said."http://ap.google.com/article/ALeqM5hK2pu_ltnYxSXwUMkC0jVysV04eAD92CGJQG0
"The Iraqi government could end the year with as much as a $79 billion budget surplus as ever-increasing oil revenues pile on top of leftover income the Iraqis still haven't spent on their national rebuilding effort, congressional auditors say.
A report by the Government Accountability Office made public Tuesday prompted renewed calls from senators that Baghdad pay more of the bill for its own reconstruction, which has been heavily supported with U.S. funds.
The projected Iraq surplus, including unspent money from 2005 through 2008, has been building because of rising world oil prices, increasing Iraqi oil production, the government's inability to execute budgets for spending its money and persistent violence in the country, the GAO said."
http://ap.google.com/article/ALeqM5hK2pu_ltnYxSXwUMkC0jVysV04eAD92CGJQG0
That's only about one million €, though.
>>7837what? that's still about 39.5 billion euros which is quite a substantial amount of money
>>7837
what? that's still about 39.5 billion euros which is quite a substantial amount of money
>>7830 >$79 Billion budget surplusAs opposed to... the US's $10 Trillion national debt. And the fact the US$ is one of the weakest currencies around ($1 US = .50p UK). Methinks Iran's decision to trade their oil in Euros (along with Kuwait, Oman & Brunei) can't purely due to anti-American feeling. They clearly saw what was going to happen way before the US's current financial woes. And US still has to kiss the Saudi's arses to ensure they sell their oil in Dollars.And they'd better pray that the Arab oil states don't decide to convert their oil profits into gold, or what'd happen would make the Crash of 29 seem like a picnic. And the US would be hit the worst. Frankly, Al-Qaeda's bombings & 9/11 are amateurish attempts at terrorism. The Middle East could easily destroy the 'Great Satan' in financial ways, using the trading of a mere metal. Gold.
>>7830
>$79 Billion budget surplus
As opposed to... the US's $10 Trillion national debt. And the fact the US$ is one of the weakest currencies around ($1 US = .50p UK). Methinks Iran's decision to trade their oil in Euros (along with Kuwait, Oman & Brunei) can't purely due to anti-American feeling. They clearly saw what was going to happen way before the US's current financial woes. And US still has to kiss the Saudi's arses to ensure they sell their oil in Dollars.
And they'd better pray that the Arab oil states don't decide to convert their oil profits into gold, or what'd happen would make the Crash of 29 seem like a picnic. And the US would be hit the worst. Frankly, Al-Qaeda's bombings & 9/11 are amateurish attempts at terrorism. The Middle East could easily destroy the 'Great Satan' in financial ways, using the trading of a mere metal. Gold.
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