Kurd Government Strapped as Baghdad Cut Share in Budget
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The Kurdish Regional government hasn’t been getting its share of Iraq’s federal budget for six months, straining the autonomous administration’s finances as it tries to confront Islamist rebels rampaging through the country, Iraq Kurd Economy Minister Rebaz Mohammed said.
KRG has been grappling with inflows of refugees fleeing towns in northern Iraq that have fallen to Islamic State militants since June. The region’s finances have come under more pressure as it increases spending on its peshmerga fighters, who have been battling to stop the Sunni Islamist insurgents from taking over more cities.