Iraq slashes 2009 budget in wake of oil price plunge

  BAGHDAD (AFP) - Iraq said on Saturday that the falling global oil price has forced Baghdad to cut its 2009 budget to 67 billion dollars at a time when the country, owner of the world's third largest oil reserves, craves funds to develop its dilapidated infrastructure.  

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Min: 12°
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Possible light shower.
Today

Min: 11°
Max: 20°
Possible shower.
 

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