Council of Representatives building in Baghdad (File Photo)
12 Hours ago
SULAIMANI — Rapporteur for the Council of Representatives’ Finance Committee Ahmed Safar said on Saturday (May 8) that the Kurdistan Regional Government (KRG) has not sent any representatives to Baghdad to work out technical problems related to implementing the 2021 Federal Budget Law, which has resulted in delays in sending cash transfers to Erbil.
Safar said “there are no obstacles or prevention from the Iraqi side.”
“Just by sending the technical committees to Bagdad, Kurdistan Region’s share will be sent directly,” added the Kurdistan Democratic Party (KDP) lawmaker.
On March 31, the Council of Representatives passed Iraq’s annual budget, which included a financial agreement between Erbil and Baghdad.
The KRG is supposed to receive 9.5 trillion Iraqi dinars ($6.5 billion), which will be disbursed in monthly increments, in return for submitting 250,000 barrels of crude oil per day to Iraq’s oil marketer SOMO for export. The federal government will be able to cut off funds in the event of non-compliance.
(NRT Digital Media)