View Full Version : Strains and Stresses In the Kurdish-Iraq Central Government Budget Deal

06-23-2015, 03:38 PM
The central and Kurdish regional governments tried to overcome their differences after the election of Prime Minister Haider Abadi. That was encompassed within the 2015 budget, which allowed the Kurds to export oil for the Oil Ministry in return for their 17% share of the budget. This agreement has been under constant stress since it was first announced with each side accusing the other of violations, threatening to withdraw their support, and demanding revisions. The core problem was that the deal lacked many specifics allowing the two sides to interpret it in their own ways. The tensions between the two were increased in April 2015 when the Kurdistan Regional Government (KRG) felt that it was far underpaid by Baghdad for how much it exported, and then responded by shipping most of its oil in June for itself. These ups and downs will continue into the foreseeable future, making it always seem like the two sides are on the precipice, but the deal appears to be holding for now.

continued (http://musingsoniraq.blogspot.com/2015/06/strains-and-stresses-in-kurdish-iraq.html)