Feb 26 2013

Iraq’s excessive reliance on oil revenues is ‘dangerous,’ warns minister

By Shaymaa Adel Azzaman, February 26, 2013 The Planning Ministry says Iraq’s budget is too reliant on oil revenues and any drop in prices will cause “dangers and problems” for the country. The Iraqi parliament is debating 2013 budget, which according to Planning Minister Ali al-Shukri is 93% reliant on revenues from oil sales. But [...]