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The development in the negotiation between Iraq and the Kurdistan is reported by Iraq media to create consensus between both of the regions to meet the challenges of the country. For this purpose a meeting is going to hold in Baghdad between Iraq government officials and the Kurdistan delegation. According to Iraq media the delegation will discuss the present tension between Iraq and Kurdistan about Iraq oil policy.

Iraq and Kurdistan could not create consensus between each other on the oil policy and as a result annual budget of Iraq is pending approval. The value of US dollar decreased in the last two days against Iraqi dinar and it is all due to positive policies of central bank of Iraq.

The Staurt Jones will start his work after final results of general elections. The ambassador will meet prime minister of Iraq and the Prime minister of Kurdistan Regional Government to create consensus between both of the regions. Resources say that Baghdad is ready to export oil through Turkey pipelines.

Different economic experts have different views about the merging of budget as some believe it would cause any serious problem for the government if the budget is announced next year , but some experts do believe that it can cause serious problems and they warn on merging of 2014 budget with 2015 budget. According to these experts, still there's plenty of time for the government to plan and approve that budget with political consensus.

Iraq is looking to develop consensus with Kurdistan to approve annual budget because budget cannot be approved without cooperation of Kurdistan. The new ambassador of United States of America for affairs of Iraq will meet Noor Al Maliki by 25th May to discuss the present economic and political condition of Iraq. The Kurdistan and Iraq conflict will be at the top of the list in the discussion.

Iraq need a fully functional government that may stand behind the law enforcement agencies to fight against rebels but it unable to develop consensus among themselves to form a government. In the recent parliament session, the Sunni law makers and Kurd parliamentarians walked out of parliament when Shia majority did not bring their member for Prime Minister Seat.