A quick note on Iraq’s 2010 budget. The allocation for investment spending has increased 54% to ID23trillion. This sounds good in theory, the country has been destroyed by decades of Ba’athist rule, war and sanctions and needs to be rebuilt. However, when you consider that in all probability, less than 70% of the 2009 allocation of ID15tr was actually disbursed, it raises the question of how realistic the latest budget is. Investment spending in 2008 was almost double that of last year’s, and I doubt that this years will be much higher at all, given that we’re probably not going to have a government in Iraq for 3 months or so.
Another interesting/depressing revelation in the budget: the allocation set aside for the presidency council (ID120bn) is 4 times the amount set aside for the Ministry of Human Rights. Go figure.