Iraq central govt eyes cuts to Kurdistan budget over oil ,Reuters
“We decided to extend the deadline for pumping crude to Sept. 15 as a goodwill gesture, and to give Baghdad more time to resolve the payment issue,” one source with Kurdistan’s natural resources ministry told Reuters.
Iraq's central government is considering trimming federal budget payments to the country's Kurdistan by more than $3 billion to cover losses it says came from the Kurdish region's oil exports,a government spokesman said on Tuesday.
Ali al-Moussawi, advisor to Prime Minister Nuri al-Maliki, said a committee found losses of more than $3 billion resulting from Kurdistan's failure to pump the amount of oil agreed in the budget.
"In today's cabinet meeting we gave a delegation from the Kurdistan regional government a week to come to Baghdad to discuss this or we will move ahead and deduct this amount from their budget share," he said.