The International Monetary Fund rejects the Iraqi budget for 2018

The International Monetary Fund (IMF) on Saturday rejected the federal budget for 2018, which the House voted to pass last week.

"The International Monetary Fund, announced its rejection of the financial budget for 2018, because it was contrary to the agreement signed between Iraq and the International Monetary Fund," adding that "the agreement between Iraq and the International Monetary Fund, requires Iraq to implement a group of Conditions including the abolition of jobs and not to add financial burdens on the budget. "

"The inclusion of the budget by the government and the parliament by the decisions to install contracts and the restoration of their contracts and other financial burdens that have led the Monetary Fund to reject the budget," noting that "the decisions of the Iraqi government and the parliament was accelerated for electoral propaganda."

It is noteworthy that the House of Representatives, voted last Saturday, March 3, the federal budget law for 2018