The government has sought to compromise on its tax proposals with parliament, but the IMF said lawmakers` discussions on Thursday amounted to an effective rejection of the reforms required under the IMF programme.
"Approval of a budget consistent with the program objective of reducing the general government deficit to 3.7 percent of GDP is a key condition for the completion of the (IMF aid) program," David Lipton, the IMF`s first deputy director, said in a statement.
"Approval of a budget that deviates from program objectives for 2016 and the medium-term will interrupt the program and inevitably disrupt the associated international financing."
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