Baghdad’s 2018 budget is in trouble, as Iraqi President Fuad Masum and the International Monetary Fund (IMF) expressed apprehensions this week over its failure to allocate funds to the Kurdistan Regional Government (KRG), as well as the $10.6bn projected deficit.

Just days after the 2018 budget was approved by parliament on 3 March, IMF deputy regional chief Christian Josz was quick to express dissatisfaction with the revenue and expenditure sides of the budget.

Referring to the...