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Shafaq News / A Kurdish deputy in the Iraqi parliament revealed, on Monday, the existence of “decisive” and “advanced” understandings about the share of the Kurdistan Region in the federal financial budget for the current year, considering it as a key to solving all outstanding problems between Baghdad and Erbil.
A delegation from the Kurdistan Region, headed by the Vice President of the Regional Government, Qubad Talabani, visited Baghdad last week and met with a number of officials and heads of parliamentary blocs and the Parliamentary Finance Committee to discuss the draft federal budget bill for the year 2012 and confirm the region’s share in it.
Bashar al-Kiki, a deputy for the Kurdistan Democrat, told Shafaq News that “the understandings and agreements regarding the region’s share in the 2021 budget are present and have been included in the budget law within Articles 10 and 11.”
He explained that the region “took great and decisive steps, and provided all the necessary data and belongings to the Parliamentary Finance Committee, which includes oil and non-oil imports.”
Al-Kiki stressed that “the region’s share in the 2021 budget is 12.67 percent,” noting that “the positive and serious atmosphere between the governments of the center and the region is to settle the share of Kurdistan and prevent the recurrence of the marginalization of the Kurds in the fiscal deficit law that was approved by the Iraqi parliament several months ago.”
And he considered that “the understandings and agreements of the center and the region regarding the current year budget, is a political understanding under a legal cover and a basic solution to all the problems and pending files between the two parties.”
The region’s share was included in the budget according to an agreement with Baghdad that stipulates a share of about 12.6 percent of the budget, along with the payment of salaries of the Peshmerga, in exchange for handing over the region’s revenues from selling 250 thousand barrels per day of oil extracted from the fields of the region.
The Kurdistan Region has been suffering from a stifling financial crisis, as Baghdad has cut the salaries of the region’s employees since last April.