The Iraq Council of Ministers (CoM) recently approved and submitted the 2015 federal budget to the parliament finance committee for review. The Iraq Parliament Speaker has set up a meeting on Thursday, December 25, 2014 to discuss the budget. The meeting on Thursday is not final as we expect the parliament members to take several weeks before coming to an agreement and accepting the new budget. Failing to pass a federal budget the government will limit salary payments and stop funding the Iraqi people’s ration cards. The government pension payments may be less than expected in the next few months.