2 More Years of Budget Shortfalls’

Iraq will likely have two more years of budget shortfalls before stronger oil prices and production lift it back into surplus in 2012, the International Monetary Fund said.

In its regular review of Iraq’s economy, the IMF said Iraq’s economic growth in 2010 will probably be significantly stronger than it was last year, but the country will still need additional financing to plug a 2010-2011 budget gap estimated at $5 billion.

(Reuters)

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