Iraq adopts 2018 budget, slashing allocations for Kurds

BAGHDAD: Iraq's parliament on Saturday (Mar 3) adopted an US$88.5 billion budget for 2018, with Kurdish lawmakers boycotting the vote to protest against a cut in the amount allocated to their autonomous region. The reduction comes after a controversial independence reference by the Kurds last year sparked a furious dispute with the central government. The budget is based on p

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Iraq finance minister fights on two fronts. Hoshyar Zebari faces graft claims as he tries to save economy. By: Erika Solomon

Download PDF: iraq-finance-minister-fights-on-two-fronts-hoshyar-zebari-faces-graft-claims-as-he-tries-to-save-economy-by-erika-solomon Baghdad, SEPTEMBER 11, 2016 Hoshyar Zebari should have been preparing for loan negotiations that could save his country from economic collapse. Instead, Iraq’s finance minister sat in his office waving a file of papers he claims prove that bi

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Iraq’s parliament approves $88.2 bn budget for 2016

Baghdad (AFP) - Iraq's parliament adopted Wednesday a 2016 budget of $88.2 billion, based on projected oil prices of $45 per barrel, according to a copy received by AFP. The budget includes oil production the federal government does not now control and envisions a rise in oil prices, meaning revenue may fall short of projections. Parliament speaker Salim al-Juburi announced t

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