Economy
breaking
The Iraqi budget
Share of Kurdistan
2021-02-18 03:01
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Shafaq News / The representative of the Iraqi Forces Bloc, Abdul Khaleq Al-Azzawi, confirmed, on Thursday, the continuation of discussions and political dialogues to settle the share of the Kurdistan Region in the budget law, while noting that the next 48 hours will guarantee the settlement of the region’s share.
Al-Azzawi told Shafaq News, “The Parliamentary Finance Committee has resolved all the outstanding issues in the draft general budget law, and only the share of the Kurdistan Region remains, but the political discussions and dialogues are still continuing after resolving a percentage of the region’s dues file.”
He added that “the budget law cannot be ignored in light of the current repercussions, economic conditions and the health crisis, especially after taking a series of preventive measures and imposing a curfew in the country.”
The representative of the Iraqi Forces Bloc, headed by Muhammad al-Halbousi, Speaker of Parliament, stated that “the next 48 hours will ensure a political agreement and the settlement of the Kurdistan Region’s share in the Budget Law.”
Last December, Baghdad and Erbil reached an agreement on the financial budget, stipulating that the region hand over 250 thousand barrels of oil per day, and half of the revenues from border crossings and others to the federal government, in exchange for a share in the budget of 12.6 percent.
The agreement was included in the draft budget, but Shiite factions in Parliament reject the agreement, which impedes its passage in Parliament.
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