ERBIL-BAGHDAD BUDGET AGREEMENT WILL BE IMPLEMENTED: ADVISOR TO IRAQI PM KADHIMI


Flags of Iraq and the Kurdistan Region (File)

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SULAIMANI — An advisor to Iraqi Prime Minister Mustafa al-Kadhimi said on Sunday (May 23) that the recent agreement between Baghdad and Erbil on the federal budget law will be implemented and the former does not have any will not to transfer the latter’s share. 

During an appearance on NRT’s Tawtwe interview program, Hussein al-Hindawi said that Kadhimi has expressed his support to the implementation of the 2021 Federal Budget Law as it is.

He said that there are some legal obstacles in the Kurdistan Region’s budget share in the law which officials are making efforts to resolve. 

On March 31, the Council of Representatives passed Iraq’s annual budget, which included a financial agreement between Erbil and Baghdad.

The Kurdistan Regional Government (KRG) is supposed to receive 9.5 trillion Iraqi dinars ($6.5 billion) from the budget, 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 and a portion of the income derived from customs duties at international border crossings with Iran and Turkey.

The federal government will be able to cut off funds in the event of non-compliance.

Neither side has begun sending money or oil yet. 

A delegation from the KRG is expected to visit the Iraqi capital this week to address the impasse.

Nrttv.com

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