Kadhimi said that Iraq is currently facing many challenges and argued that the government is working hard to address them and put the country’s economy on the right track, according to a statement released by his office.

“The budget aims at financial and economic reform,” the prime minister said.

Committee member Majida al-Tamimi told state-run TV channel al-Iraqiya that the committee has handed over a copy of the amendments it made to the budget for the government to study before lawmakers vote on the changes later this week.

The finance committee will directly oversee implementation of the budget to ensure that its vision is implemented, the parliamentary media office said in a statement, NRT reported.

The Council of Representatives began consideration of the legislation on January 9.

In the draft, the Kurdistan Region will receive a 12.67 percent of the budget in return for Erbil transferring 250,000 barrels of crude oil per day and a percentage of customs revenue to Baghdad.

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