Falling oil prices to hold Iraq's security spending
Chelsea J. Carter - The Associated Press
Issue date: 3/2/09 Section: News
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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.
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