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Baghdad to send 200bn IQD to Kurdistan Region per month

  2021-06-15  | 
 Zhyan News Network
Logos of the Kurdistan Regional Government (KRG) [L] and Government of Iraq [R]
 Zhyan News Network

SULAIMANI – Lawmaker of Iraq's Council of Representatives Rebwar Karim said on Tuesday (June 15) that the Iraqi government has decided to send 200 billion Iraqi dinars ($136,939) per month to the Kurdistan Region, starting retroactively from the beginning of the year. 

“The sending of the money is with the condition that the Federal Board of Supreme Audit of Iraq should audit the oil and non-oil data of [Kurdistan Region’s incomes], especially customs,” Karim told Zhyan News Network. 

“The auditing process will continue and will not be one-off,” the lawmaker, who is from Hiwa Alliance, said. 

Karim said that the funding should be spent for public sector salaries without cuts.

In late March, Iraq passed its belated budget law for 2021 after agreements between the Kurdish and federal authorities.

Baghdad has not sent a budget transfer to Region as of yet.

The approval of the budget law filled the Region’s civil servants with hopes it would put an end to salary cuts and delays imposed by the KRG for over a year.

Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani confirmed the deal in a tweet. 

“I spoke with PM @MAKadhimi today as part of our ongoing talks and shared commitment to bring certainty to the Erbil-Baghdad relationship,” Barzani said. “I’m pleased to announce we’ve reached a deal that will see federal budgetary payments restored to the KRI and backdated to Jan 2021.”

“During our call, I thanked him for his leadership, and the federal cabinet for its support for this important milestone. We overcame this difficult, long-standing obstacle together.”

Throughout 2020, the KRG missed five months’ worth of salaries to its public servants and paid one in full and slashed others by either eighteen or twenty-one percent citing the COVID-19 pandemic, budget with Baghdad and low oil prices. 

It paid all the past six months in 2021 by twenty-one cuts despite considerable rises in crude oil prices and the devaluation of the Iraqi dinars against the US dollars by over 25 percent.

(Zhyan English)