The budget is 210T divided into 2 parts. First part is 155T for Government Operations and the second part is 55T for investment (projects). This will leave them with a Deficit of 66T. No Projects have been funded as the budget has not been approved. Projects are just promises at this point. They have to revalue the dinar to afford all of the projects. The word from my locals is that there is no way they have 210T dinars printed…If they had 210T dinars printed their inflation rate would be unattainable …Question: “Is this your commentary or your Iraqi employees?” My employees I just listen.
Maxis
