IRAQ

 

Baghdad Piles Financial Pressure On KRG

 

Iraq cannot finance its projected 2014 deficit unless the KRG settles its arrears to the federal treasury, warns Haidar al-‘Abadi, head of the Iraqi parliament’s Finance Committee.

Mr ‘Abadi says that unless the Kurdistan Regional Government (KRG) honors Baghdad’s claim – thought to be around $9bn – this will result in the loss of the KRG’s share of federal government spending in...