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Shafaq News / The spokesman for the Iraqi Council of Ministers, Hassan Nazim, stated, on Tuesday, that the file of the Kurdistan Region’s share in the federal financial budget will be resolved in the coming days.
Nazem, who is also the Minister of Culture, was responding at a press conference in Baghdad to a question by the Shafak News Agency correspondent, that: That “the Parliamentary Finance Committee made a number of amendments and additions to the draft budget, at a time when disputes are still hindering the settlement of the Kurdistan Region’s share, so is the government’s position in this regard?”
Nazem said, in the conference that followed the weekly cabinet meeting, that “the Council of Ministers decided the issue of including the share of the Kurdistan region in the budget law in accordance with the agreement concluded with Baghdad, in addition to the region’s approval of the terms of the internal borrowing law.”
In December, Baghdad and Erbil reached an agreement on the financial budget stipulating that the region hand over 250 thousand barrels per day and half of the border crossings and other revenues to the federal government in exchange for a budget share of 12.6 percent.
The agreement was included in the draft budget, but Shiite political blocs in Parliament reject the agreement, and some demand that the entire oil management file in the region be handed over to the federal government, while others demand that the region hand over about 500 thousand barrels per day to Baghdad.
Nazem said that the coming days will witness the resolution of the region’s share file in the financial budget.
Regarding the amendments made by the Parliamentary Finance Committee to the draft budget, Nazim said, “The government received a draft amendment to the budget law from the Finance Committee.”
He added that “the cabinet assigned a committee to study the amendments,” noting that “this will be resolved within the next two days, and then it will be referred to the House of Representatives.”
On December 22, the Iraqi government approved the 2021 budget of 164 trillion dinars (about 113.1 billion dollars), with a total deficit of 76 trillion dinars (about 32.4 billion dollars), and referred it to Parliament with the aim of voting on it.
However, the Parliamentary Finance Committee reduced the size of the budget to 130 trillion dinars (about 89.6 billion dollars), and the deficit to 25 trillion dinars (about 17.2 billion dollars).