Er­bil–Bagh­dad Agree­ment ap­proved in 2015 bud­get

The Kurdish Globe - - NEWS -

The Head of Kur­dis­tan Re­gional Gov­ern­ment Coun­cil of Min­is­ter, Amanj Ra­heem, said that Er­bil–Bagh­dad Agree­ment has gone through le­gal pro­ce­dure since it has been ap­proved by Iraqi Coun­cil of Min­is­ters.

Later this week, the Iraqi Par­lia­ment ap­proved the Kur­dis­tan Re­gion's 17 per­cent share of the 2015 gen­eral bud­get in a ses­sion. The Par­lia­ment read the draft bud­get bill for fis­cal year 2015 in the pres­ence of 208 rep­re­sen­ta­tives.

Ra­heem said ap­prov­ing the bill by Coun­cil of Min­is­ter is very im­por­tant be­cause if de­layed, the Gov­ern­ment have to send a share of the bud­get each month start­ing in Jan­uary 1, 2015.

On the other hand, Iraq’s Prime Min­is­ter Haidar Abadi de­fended his re­cent agree­ment with Kur­dis­tan as his cabi- net ap­proved the draft bud­get worth 123 tril­lion di­nars (about $103 bil­lion) on Tues­day.

The bud­get is seen as a di­rect out­come of the sta­bi­liz­ing re­la­tions with the Kur­dis­tan Re­gional Gov­ern­ment and the oil pact Bagh­dad and Er­bil have signed.

“The agree­ment on bud­get and oil ex­ports from Kur­dis­tan Re­gion and Kirkuk is a vic­tory for Kurds and Arabs in Iraq and we are ready to push aside our dif­fer­ences,” Abadi said in an in­ter­view with the Mada daily Tues­day.

Ac­cord­ing to the agree­ment be­tween the KRG and Iraqi Gov­ern­ment, Er­bil will ex­port 550,000 bar­rels of oil per day in re­turn for the Kur­dis­tan Re­gion’s 17 per­cent share of the Iraqi bud­get, or roughly $1 bil­lion ev­ery month.

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