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Passage of Iraq’s budget bill facilitates reform by KRG: UK Consulate

  2021-04-01  | 
 Zhyan News Network
 Zhyan News Network

SULAIMANI – The UK Consulate General in Erbil said on Thursday (April 1) that the passage of the draft 2021 Federal Budget Law facilitates reform implementation by the Kurdistan Regional Government (KRG).

“The passage of this budget creates the space for the KRG to reform and build back better after COVID-19,” the UK Consulate General in Erbil said in a statement, expressing congratulations to those involved in securing the budget deal.

Iraq’s Council of Representatives on Wednesday (March 31) voted on the belated draft 2021 Federal Budget Law into law after several delays in recent months. The Kurdistan Region's share was changed to 13.9 percent from the previous 12.67 percent from the budget.

The consulate said it pays tribute to the KRG Deputy Prime Minister Qubad Talabani for his “unique role negotiating this budget.”

“This deal can be the start of strong relations between Baghdad and Erbil, and the UK will continue to support both sides in this endeavor.”

Several Kurdish and Iraqi senior officials hailed the passage of the draft 2021 Federal Budget, which will oblige the KRG to hand over half of non-oil incomes and the income of 250,000 barrels of oil per day to the federal oil marketer SOMO to receive its 13.6 percent budget share.

In case the KRG does not abides by the deal, it will receive no budget share even for its bloated wage bill.

(Zhyan English)