Parliament passes budget after gutting KRG revenue guarantees
New budget law appears to represent a rejection of the recent Baghdad-Erbil political deals that had sought to balance oil and financial authorities.
Members of the Iraqi Parliament vote on a new budget law on June 11, 2023. (Photo credit: Council of Representatives media)
SULAIMANIYA - Iraq’s Parliament passed a national budget law early Monday despite objections from Kurdish lawmakers who opposed new provisions that aim to erode the autonomy of the Kurdistan Regional Government (KRG).
The new budget authorizes record spending levels and deficits. Unlike prior budget laws, this one will cover three years rather than one — a major political victory for Prime Minister Mohammed Shia al-Sudani, who will have financial authority to execute his government plan for the rest of his term without needing further authorization from a fractious and often dysfunctional Parliament.
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