Iraq passes 2017 budget
Under pressure to tighten spending, Parliament overcomes objections from oil provinces and some Kurdish MPs to ratify $85 billion budget.
Members of Parliament gather to vote on Iraq's new government in Baghdad on Sept. 8, 2014. (THAIER AL-SUDANI/Reuters)
ERBIL - Iraq’s Parliament approved the 2017 federal budget on Wednesday, despite boycotts by some MPs from both the autonomous Kurdistan region and Iraq's southern oil provinces, who were pressing for larger shares of state revenue.
The government plans to spend 100.67 trillion Iraqi dinars ($85.17 billion*) next year, down about 5 percent from the 2016 budget.
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