2010 budget boosts oil-producing provinces
The $72bn budget awards dollars to oil-producing provinces and sites of pilgrimage. A stern warning is issued to Kurdish authorities in the form of penalties for cutting off exports.BAGHDAD - Iraq's 2010 budget is set to be passed by the Presidential Council tomorrow, the final step before a bill becomes a law, bringing with it radical bonuses for oil-producing regions, significant concessions to the Kurdistan region and rewards for Shia pilgrim areas.
The bill, which amounts to more than $72.4 billion, sets out new rules outlining how provinces will receive money according to hydrocarbon production levels.
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