The head of the Parliament Finance Committee talks about priorities for cutting costs while being able to pay for defense, refugees and IOCs.
National Politics
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Iraq’s Parliament is reading the draft budget for a second time, paving the way toward a vote, but as oil prices fall below $50, the numbers don’t add up.
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PM Abadi's draft budget seeks to balance the competing interests of a fractured polity while contending with a devastating drop in oil prices and a crippling legacy of fiscal mismanagement.
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Budget bill anticipates reduced revenue and big deficits, and incorporates an oil and revenue-sharing deal with Kurdistan.
