AN OVERVIEW OF IRAQ’S FINANCES. BY MUHAMMAD AL-WAELI *

Deputy Prime Minister and Minister of Finance,  Ali Allawi held a brief press conference that painted a sobering picture about Iraq’s current financial situation. The presser came after an extraordinary cabinet meeting that debated Iraq’s strategy to face the current financial crisis and the measures to combat it, focusing largely on public sector reform and the development of

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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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