NPR: Biden On Iraq's Budget Surplus

Biden On Iraq's Budget Surplus

Senator Biden says Iraq is running an $80 billion surplus. That's a bit of an exaggeration. The figure comes from the Government Accountability Office, which has reported that Iraq could have a nearly $80 billion budget surplus over four years based on projected oil revenues. But this is a four year figure. For 2008, the GAO estimates a budget surplus of between $38.2 billion to $50.3 billion

-- Tom Gjelten

9:51 PM ET | 10- 2-2008 | permalink

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