The Iraqi parliament
began the first reading of the draft of the federal budget for fiscal year
The bill faces disagreements regarding the share of the Kurdistan region, besides financial demands for the southern province of Basra or the areas liberated from ISIS.
The new Iraqi government, headed by Prime Minister Adil Abdul Mahdi, agreed on Sunday to send the draft of the 2019 budget to parliament to vote on it. The budget is estimated at 128.4 trillion Iraqi dinars ($107 billion), with a financial deficit of up to $20 billion. Every oil barrel was estimated according to the new budget at $56.
The share of the Kurdistan region and allocations of Basra had been subject for serious dispute in the budget this year, before the former government of Haider al-Abadi managed to reach consensus with the main blocs in parliament in order to pass it.