Rashid said in a statement to “Al-Ghad Press” that “the Federal Ministry of Finance sent a draft bill weighted 2019 Council of Ministers for approval,” noting that “the share of the Kurdistan Region has been fixed by 12.67%.”
“It was supposed to send the draft budget to the House of Representatives on October 8,” Rashid said.
He added that “according to the project, the expected revenues amounted to (10556986870) more than one hundred and five trillion dinars, while estimated the expected expenses at (128443052427), more than one hundred and twenty-eight trillion dinars.”
He added that “for the deficit, it is expected to reach (22873365557), more than twenty two trillion dinars, while the estimated operational balance of (95851678404) more than ninety five trillion dinars, while the investment balance (32591374023), more than thirty two trillion Dinar”.
Rashid pointed out “the allocation of (46872918411), more than forty-six trillion dinars sovereign budget, while the allocation of one trillion dinars for the development of provinces and another trillion dinars for petrodollars.”
He pointed out that “the proportion of 12.67% as the budget of the Kurdistan Region and estimated (8741406026), more than eight trillion dinars and the allocation of (126700000) more than one hundred and twenty six billion dinars to develop the provinces of the region, while the balance of investment allocated to the region through loans (102361200) One hundred billion and two billion dinars. “
Rashid pointed out that “the amounts allocated to the Territory in the total balance of 2019 (8970467226), about nine trillion dinars.”