Baghdad News –
The Executive Department of the House of Representatives, on Friday, revealed the executive summary of the budget.
The Department said in a statement received ‘Baghdad News’ a copy of it, the central government has made payments from the federal budget to the Kurdistan Region for the period (2005 – 2016) about (89,130,601) million dinars, (ninety nine trillion and one hundred and thirty billion and six hundred and one million dinars ).
The total revenues from the region registered with the Federal Ministry of Finance for the period (2005-2016) amounted to (2,273,430) million dinars (two trillion two hundred and seventy-three billion four hundred million dinars).
The statement added that the net amount paid by the federal government after excluding the revenues registered with the Federal Ministry of Finance for the Kurdistan Region (86,857,171) million dinars, (eighty-six trillion and one hundred and seventy-seven billion and one hundred and seventy-one million dinars), that is, the amount of funding is greater than revenues.
The statement said that the total imports of crude oil exported by the Kurdistan Region (without notice to the federal government) and outside the federal budget for the period (2014-2016) amounted to (21,217,520) million dinars, (twenty one trillion and two hundred and seventeen billion and five hundred and twenty million dinars).
The statement said that the net amounts paid by the central government to the Kurdistan Region after excluding the revenues of the region registered with the Federal Ministry of Finance from (2005 – 2016) will be the amount of approximately (108,074,691) million dinars, (one hundred and eight trillion four hundred and seventy billion six hundred and one Ninety million dinars).