Representative of the Kurdistan Democratic Party Islam Hussein stressed his party's objection to the new budget considered by the parliament on Thursday.
He said that the government's insist to keep the region of Kurdistan's share at 12.6 percent is a 'collective punishment' to all region's residents.
"Kurdish MPs insist to keep the region's share 17 percent as it has been since 2005," Hussein told reporters on Thursday, adding that this is the fair share that can meet the needs of the region.
Hussein affirmed that Kurdish MPs will try not to pass the budget bill with all possible ways.
The 2018 state budget bill will be ratified on Thursday, with or without the Kurdish presence in the session, according to statement's of the parliament's rapporteur Niyazi Ouglu on Wednesday.
"We will vote the bill without the need for the Kurds to attend," Ouglu said in a statement, adding that final amendments had been made and the bill was ready to be voted.
Kurdish blocs at the federal parliament announced earlier in February their refusal to the budget bill, describing it as the "worst bill in the country's history" as it neglects the rights of the Kurdistan Region.
"All Sunni elements and oil-producing provinces' demands had been considered in the new bill, it only has one meaning; the Kurdistan region is being collectively punished," Hussein said. "This should not happen," he stressed.
Hussein threatened that the party will boycott the upcoming election in May or refrain from the whole political process, revealing that the region will not accept less than 10-trillion Iraqi Dinar ($300 million) share in the new budget.
On February 8, Iraqi Prime Minister Haider Abadi sent a 'moderated budget bill' to the Parliament.
Later, press reports claimed that $840 million would be added to the Kurdistan's share of the budget, which was completely denied by Abadi's media office.
The new budget bill was drafted
in October, cutting the region's share to 12.67 percent, which outraged the Kurdish
MPs, who seek to make the region's share of the budget remains 17 percent as
previously set based on populations estimates in 2005.
On September 27, 2017, almost 93 percent of Kurdish Regional Government (KRG) residents voted in favor of the independence of the region from the dominance of the Iraqi federal government, causing wave of objection from Abadi's government and other regional powers. Three weeks after the vote, Iraqi forces took over of disputed areas controlled by Kurds since 2014 that are claimed by both sides.
Later in November, the Iraqi Supreme Court has ruled that the referendum was unconstitutional, deciding to annul 'all the consequences and results of the referendum.'