In numbers, Masrour Barzani shows the size of the debt and the financial obligations of the Kurdistan region

Monday 05, October 2020 12:04
 
Baghdad / NINA / The President of the Kurdistan Regional Government, Masrour Barzani, announced the volume of loans and obligations owed by the region, indicating: "The failure to send financial dues from the federal government led to a delay in the distribution of employees' salaries for two months."

Masrour Barzani said in a report presented to the Parliament of the Kurdistan region: "The total external and internal debts owed by the Kurdistan region amount to 7.256.283.646 dollars."

He explained: "The total debts and financial obligations, including bank loans and employee salary savings in the Kurdistan region, amounted to 28,476,675,039 dollars," indicating: "Among this amount, financial commitments of $ 8,337,989,532, and liabilities related to employee salary savings It amounts to 8,966,156,514 dollars, while the debts of the Iraqi Commercial Bank and the Kurdistan International Bank amount to 3,916,245,347 dollars.

The head of the regional government indicated that it was not possible to distribute the salaries of employees for two months since he assumed the presidency of the government, due to the failure to send financial dues by the federal government during the months of May, June and July, and the low local revenues, stressing: “The region depends on monthly imports without a financial reserve.” / 9 ended

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