KURDISTAN REGION’S BUDGET SHARE WILL BE SENT SOON, PREDICTS PM KADHIMI


FILE PHOTO: Iraqi Prime Minister Mustafa al-Kadhimi reacts during a news conference with French President Emmanuel Macron (not pictured) after a meeting, in Baghdad, Iraq September 2, 2020. REUTERS/Gonzalo Fuentes/Pool

3 minutes ago

SULAIMANI — Iraqi Prime Minister Mustafa al-Kadhimi on Monday (May 10) predicted that Bagdad will send the Kurdistan Region’s budget share soon, amid technical problems that have so far prevented cash transfers from Baghdad to Erbil.

Erbil has not sent any oil or customs revenue to Baghdad either.

On Saturday, Rapporteur for the Council of Representatives’ Finance Committee Ahmed Safar called on the Kurdistan RegionalGovernment (KRG) to send a technical committee to Baghdad in order to work out problems with the budget.

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.

Beyond the budget, Kadhimi said that trust needs to be built between the two sides in order to solve problems in the disputed areas, saying that a delegation will visit Erbil soon for talks.

The disputed areas are a belt of territory that is claimed by both Erbil and Baghdad that stretches from Nineveh through Kirkuk to Diyala. Islamic State (ISIS) militants are able to exploit its uncertain control and the rugged terrain to launch attacks against both civilians and military units.

(NRT Digital Media)

nrttv.com

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