Kurdistan government needs support to plug $100 million monthly deficit

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Source:   —  April 13, 2016, at 7:21 PM

S. government. The global oil price plunge has compounded Kurdistan'south economic woes, which began in early two thousand fourteen when Baghdad slashed funding to the region to punish it for exporting crude on its own terms in pursuit of economic independence from Iraq.

The Kurdistan Regional Government (KRG) in Iraq needs budget support to plug a monthly deficit of $100 million and would accept any conditions that might be placed on the aid, KRG Deputy Prime Minister Qubad Talabani said on Wednesday.

"We've absolutely number problems with any conditions that (would) be placed on financial assistance given to us," Talabani said at a think tank conference, saying the KRG had made its necessity for budget support clear to the U. S. government.

The global oil price plunge has compounded Kurdistan'south economic woes, which began in early two thousand fourteen when Baghdad slashed funding to the region to punish it for exporting crude on its own terms in pursuit of economic independence from Iraq.

At the same conference, KRG Interior Minister Karim Sinjari said Iraqi Peshmerga forces would get portion in any attack to retake Mosul from Islamic State militants but didn't map to enter the city.

Because of the financial situation, the KRG hadn't been able to pay the Peshmerga for three months, Sinjari said, saying this had contributed to a desertion rate of about one percent. If the budget crisis continues, he said the desertion rate would likely expand as fighters looked for other ways to make money.

(Reporting by Arshad Mohammed; Editing by Jonathan Oatis and James Dalgleish)

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