$ 100 billion Iraq's economic losses from the Iran-Iraq war
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Economy News - Special
The Budget Research Department of the Iraqi Council of Representatives estimated that Iraq's loss from the first Gulf War, the Iraq-Iran War, was about $ 100 billion.
A report of the budget research department and seen by the "Economic News", "estimated the cost of the first Gulf War estimated at about $ 100 billion in losses," pointing out that "Iraq was heavily indebted after the end of the war and economic factors had a greater role in fighting Iraq the Second Gulf War Two years after the end of the first Gulf War. "
He stressed that "Iraq relied during the period of the blockade economy on the oil-for-food program, which was implemented in 1996, which contributed to the partial lifting of the suffering of the Iraqi citizen," noting that "the United Nations was deducting 28% of the funds of Iraqi oil exports for the United Nations staff and administrative operations related to the program Oil for Food. "