TITLE

Who holds Iraqi purse strings?

AUTHOR(S)
Vesely, Milan
PUB. DATE
August 2004
SOURCE
Middle East;Aug/Sep2004, Issue 348, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The American authorities in Baghdad bypassed $18bn of congressionally approved money and instead spent $2.5bn of Iraqi oil revenues — without UN authority — prior to the early handing over of sovereignty on June 28, 2004. Iraq's $20bn budget for 2004 was unveiled early in the year when coalition forces were still in control of Iraq. Financed primarily from oil revenues held by the then Programme Review Board — an arm of the Coalition Provisional Authority — the budget had little Iraqi input, let alone the then interim Iraqi council's approval.
ACCESSION #
14156299

 

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