During an International Monetary Fund conference in Baghdad, Finance Minister Hoshyar Zebari declared that he will resign from his position if the Baghdad government does **t distribute the agreed upon 17 percent of the federal Budget to the Kurdistan Regional Government. Zebari's threat of Resignation add to rising tensions between Erbil and Baghdad, which have increased following the plummeting of oil prices that have put Baghdad's 2015 Budget in jeopardy. Experts fear the failure to implement the Budget could lead to the dissolution of the government.
03-17-2015, 06:17 AM
Iraqi Finance Minister Threatens Resignation Over Budget Crisis
During an International Monetary Fund conference in Baghdad, Finance Minister Hoshyar Zebari declared that he will resign from his position if the Baghdad government does **t distribute the agreed upon 17 percent of the federal Budget to the Kurdistan Regional Government. Zebari's threat of Resignation add to rising tensions between Erbil and Baghdad, which have increased following the plummeting of oil prices that have put Baghdad's 2015 Budget in jeopardy. Experts fear the failure to implement the Budget could lead to the dissolution of the government.
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