Parliamentary Finance: Baghdad to send 418 billion dinars per month to Kurdistan

Parliamentary Finance: Baghdad to send 418 billion dinars per month to Kurdistan

According to the Budget Law ...

27/03/2018 - 22:51 Economy / Kurdistan



A member of the Finance Committee of the Iraqi parliament, on Tuesday, that if Iraq deals with the Kurdistan Region in accordance with the budget law will have to send the amount of 418 billion dinars per month to the Kurdistan Region.

"According to the general budget law for the year 2018, the Iraqi government to send 418 billion dinars per month to the Kurdistan Region," pointing out that "does not know yet to any law adopted Abadi send 317 Billion for the region. "

The government of Abadi had sent days ago the amount of 317 billion 540 million and 465 thousand dinars, saying it is for the salaries of all employees of the Kurdistan region, after it had previously reported as salaries of employees of the ministries of health and education only.

MP Ahmed Haj Rashid, explained that "the amount sent does not include welfare allowances, and do not know whether Iraq will continue to send the amount of 317 billion per month to the territory or not."

Haj Rashid added by saying, "If this amount was a financial advance, then there should be an agreement around it, but so far it seems that the Convention there in this regard, even if it is part of the general budget then the Kurdistan Region must hand over its production of oil to Sumo ".

The Kurdistan region is facing a financial crisis suffocating after the Iraqi government cut the province's share of the federal budget in early 2014 in addition to spending on the war against the sanctity and hosting of the region hundreds of thousands of displaced and refugees and low oil prices in world markets.

The Kurdistan Regional Government says it needs about 900 billion Iraqi dinars (more than 800 million dollars) a month for the salaries of its employees.

Observers believe that the federal government is trying to deepen the crisis in the Kurdistan Region by not sending the salaries of regional staff and the launch of promises to send without implementation and also reduced the share of the province in the federal budget for 2018 from 17 percent to 12, despite objections Kurdish.

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