Iraq Allocates $15bn to Infrastructure Projects

AKnews reports that the Iraqi government has allocated $15 billion (17.3 trillion Iraqi dinars) for infrastructure projects in the proposed 2012 budget.

At the last budget meeting on 5th December, Baghdad set the budget at $100 billion (115.8 trillion IQD) with a deficit of $13.5 million.

Abdul-Hussein Abtan, a member of the House of Representatives Economy and Investment Committee, said that the budget has now been increased to $115 billion (133.2 trillion IQD).

He added that it is was also proposed that the $15 billion (17.3 trillion IQD) for infrastructure projects be given in the form of credit.

(Source: AKnews)

2 Responses to Iraq Allocates $15bn to Infrastructure Projects

  1. Ramy February 2, 2012 at 3:13 pm #

    That’s amazing news.

    But there is a Typo in the last line “$15 million” isn’t it supposed to be “$15 Billion”?

  2. Editor February 2, 2012 at 6:11 pm #

    Ramy, thanks for spotting that – it has now been corrected.