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View Full Version : Dropping Oil Prices And Iraq’s Budget Woes



JWing
12-02-2014, 03:13 PM
The sudden decline in world petroleum prices is proving a daunting challenge for Iraq. The country was never able to pass the 2014 budget due to the political maneuverings of Prime Minister Nouri al-Maliki before the national elections and then due to all the time it took to put together Premier Haider Abadi’s new government. Now with oil prices collapsing Baghdad has decided to draw up a new draft budget leading to another delay.

continued (http://musingsoniraq.blogspot.com/2014/12/dropping-oil-prices-and-iraqs-budget.html)