Budget debates focus on revenue worries
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.
Members of Parliament gather to vote on Iraq's new government in Baghdad on Sept. 8, 2014. (THAIER AL-SUDANI/Reuters)
ERBIL - Iraq's 2015 draft budget received a second reading in Parliament Wednesday, although concerns over the falling price of oil threaten to delay legislative progress.
"The most difficult issue now standing in the way of approving the budget is the deterioration of oil prices," said Tariq Sadiq, a Kurdish member of the federal Parliament's Oil and Energy Committee. "There is a proposal to return the budget draft to the Cabinet."
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