Iraqi Cabinet approves budget reforms. By Mustafa al-Kadhimi*

Iraq’s government has certainly tried to address the deficit in the version that was approved on Dec. 23, in which the budget reached 123 trillion Iraqi dinars (nearly $100 billion). Yet, in the end, all of these attempts cannot address Iraq’s budget crisis for 2015 or the following years, given the nature of the Iraqi economy, which mainly depends on oil production, as well as

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Iraqi oil experts weigh in on KRG-Baghdad deal

  The cooperative oil export and revenue-sharing deal reached by leaders in Baghdad and Erbil on Dec. 2 has been promoted as the last chance to end a decade of acrimony over oil policy. The Cabinet has now embedded its terms into the 2015 draft budget law, which is now being considered by Parliament. The Kurdistan Regional Government (KRG) is slated to contribute 250,00

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Budget including deficit, KRG deal sent to Parliament

Iraq's Cabinet balanced a collapse in oil revenue while maintaining spending commitments needed to placate key constituents and keep up the fight against the so-called Islamic State (IS) militant group in a draft budget for 2015 that it approved Tuesday. The budget calls for spending of around 123 trillion Iraqi dinars (about $102.5 billion), said Abdul Qadir Omar, a member of

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