Cabinet passes draft budget with record spending and new KRG framework

Attempting to triangulate between opposing political forces, Sudani also pushes through a long-delayed financial transfer to Kurdistan.
Iraqi Prime Minister Mohammed Shia al-Sudani speaks at a press conference after a Cabinet meeting on Feb. 7, 2023. (Photo credit: Prime Minister's Office)

BAGHDAD - The Iraqi Cabinet on Monday approved a draft budget covering the next three years, which includes record spending of 198.7 trillion Iraqi dinars ($152.8 billion) annually and new provisions to govern oil and financial dealings with the Kurdistan region.

The budget progress comes on the same day Iraqi Prime Minister Mohammed Shia al-Sudani pushed through a transfer of 400 billion Iraqi dinars ($308 million) to the semi-autonomous Kurdistan Regional Government (KRG), weeks after the Federal Supreme Court (FSC) struck down a previous attempt.

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