Baghdad is set to make a partial budget transfer to Erbil within days, although the fate of a cooperative oil export and revenue deal remains uncertain.
National Politics
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Years of unrestrained spending and economic mismanagement have come to a head as oil prices drop and security costs soar, triggering risky fiscal maneuvers and IOC worries.
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Parliament passes budget with toned-down revenue expectations and rules for Baghdad-KRG oil cooperation.
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The head of the Parliament Finance Committee talks about priorities for cutting costs while being able to pay for defense, refugees and IOCs.
