Quantcast Rocky Mountain Collegian
College Media Network

 

Falling oil prices to hold Iraq's security spending

Chelsea J. Carter - The Associated Press

Issue date: 3/2/09 Section: News
  • Print
  • Email
  • Page 1 of 1
In this Feb. 16, 2007 file photo, an Iraqi army soldier mans a machinegun atop an armored vehicle at a checkpoint in central Baghdad. Falling oil prices will force Iraq to cut back on military spending, leaving questions about whether it can fully handle tasks such as protecting oil platforms in the Gulf once the American pullout is complete, said a top U.S. commander in Iraq on Saturday. Iraq's leaders now have to decide where the cuts will be deepest: arms, patrol boats or air power, all of which the country needs to create a fully functioning security force.
Media Credit: Khalid Mohammed - AP
In this Feb. 16, 2007 file photo, an Iraqi army soldier mans a machinegun atop an armored vehicle at a checkpoint in central Baghdad. Falling oil prices will force Iraq to cut back on military spending, leaving questions about whether it can fully handle tasks such as protecting oil platforms in the Gulf once the American pullout is complete, said a top U.S. commander in Iraq on Saturday. Iraq's leaders now have to decide where the cuts will be deepest: arms, patrol boats or air power, all of which the country needs to create a fully functioning security force.

BAGHDAD - Falling oil prices will force Iraq to cut back on military spending, leaving questions about whether it can handle tasks such as protecting oil platforms in the Gulf once the American pullout is complete, a top U.S. commander said.

Iraq's leaders now have to decide where the cuts will be deepest: arms, patrol boats or air power - all of which the country needs to create a fully functioning security force.

"It's a matter of capability and how much risk they are willing to take to spread that capability out ... because the money is so tight," Lt. Gen. Frank Helmick, commander of Multi-National Security Transition Command, told The Associated Press on Saturday.

Iraq's security plans for this year have been dragged down along with the price of oil, which is now about $45 a barrel after hitting highs last summer of $150 a barrel. Iraq's government has been forced twice to cut planned spending - from $79 billion to $68 billion and then to $64 billion.

And the cuts may go even deeper. Iraq's parliament delayed a vote over the weekend on the $64 billion budget with some lawmakers saying the cuts didn't go far enough.
Page 1 of 1

Article Tools

Be the first to comment on this story

  • NOTE: Email address will not be published

Type your comment below (html not allowed)

  I understand posting spam or other comments that are unrelated to this article will cause my comment to be flagged for deletion and possibly cause my IP address to be permanently banned from this server.

Advertisement


Advertisement

Home

Multimedia

News

Opinion

Sports

Cartoons

Entertainment

RamTalk

RamShots

Games

Sports Blog

Your Feat Blog

RSS Feeds

Buy Reprints

Poll

What is your favorite Thanksgiving dish?

Vote

View Results

Front Page PDF

Download Print Edition PDF