Iraq parliament approves $88b budget

Haj Omran border crossing between Iran and Iraqi Kurdistan

Haj Omran border crossing between Iran and Iraqi Kurdistan

"We regret the decision [by Baghdad] to prolong the suspension of global flights to the airports in the [Kurdistan Region] very much", the statement said, adding that "stability in [Iraq] depends on the resolution of internal conflicts". We have established this as a principle.

On Thursday, parliamentary debate over the proposed budget was boycotted by Kurdish parties who hold 62 of the assembly's 328 seats.

Adil Nuri, a Kurdish lawmaker, said the withdrawal may include the presidential and ministerial posts.

Meanwhile, Former Kurdistan Region President Masoud Barzani called for a "united response" against the decision on Sunday.

According to sources in Kurdistan who spoke to Reuters, the semi-autonomous region has lost nearly US$3 billion in oil revenues since the Iraqi federal government seized the oilfields in Kirkuk.

"A total of 65 Kurdish lawmakers left the session, dedicated to the vote on the new budget, showing their protest against several provisions, the main of them is reduction of Kurdistan's share [in Iraqi's budget] from 17 percent to 12.6 percent", Haidar said on late Saturday.

A Friday meeting of top Iraqi officials failed to bridge the gap between Baghdad and the Kurdish Regional Government (KRG) over Iraq's national budget, according to a Kurdish official.

The budget of 104 trillion Iraqi dinars ($88 billion) is based on projected oil exports of 3.8 million barrels per day (bpd) at a price of $46, a copy of the final bill showed.

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In a previous draft the KRG portion was set at 12.67 percent, which is how much of Iraq's population Baghdad says the provinces in Kurdistan make up.

25 independence referendum which saw an overwhelming majority support secession.

In October, Iraqi forces retook disputed territories, including the oil city of Kirkuk, that had came under Kurdish control in 2014, and Baghdad imposed sanctions on the KRG, such as suspending global flights from Kurdish airports.

The Netherlands on Monday expressed its concerns over the extension of an global flight ban by the Iraqi government on airports in Kurdistan, warning it would harm economic development in the Region.

Lawmaker Ashwaq Jaf told Sputnik that Kurdistan's political blocs chose to demand the regional authorities to withdraw from the talks with Baghdad after the parliament adopted the country's budget without the Kurds.

"Except for the Kurds, Iraq's other main groups [i.e., the Sunnis and Shias] have reached an agreement", he said.

The projected 3.8 million bpd exports in the budget includes a 250,000 bpd contribution from the Kurdistan region, lawmakers said on Saturday. It was not immediately clear what effect the Kurdish boycott of the vote would have on that.

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