Bagh­dad owes Kur­dis­tan IQD19 tril­lion

The Kurdish Globe - - NEWS -

Kur­dis­tan Re­gional Gov­ern­ment’s Min­istry of Fi­nance an­nounced that Bagh­dad owes more than IQD 19 tril­lion (ap­prox­i­mately US$ 16 bil­lion) to Kur­dis­tan re­gion.

Ahmed Ab­dl­rah­man, spokesper­son of the KRG Fi­nance Min­istry stated in a press con­fer­ence at the min­istry on Mon­day, June 15, 2015, that dur­ing the past 17 months, the to­tal ac­cu­mu­lated debts of KRG in Bagh­dad has reached IQD 19 tril­lion.

“Dur­ing 5 months [of 2015] Bagh­dad has sent IQD 2.85 tril­lion to Kur­dis­tan, while the re­gion’s bud­get share for the pe­riod is IQD 6.17 tril­lion,” Ab­dl­rah­man told re­port- ers. “This mean Bagh­dad owes IQD 3.96 tril­lion only dur­ing these 5 months.”

The Fi­nance Min­istry Spokesper­son says Bagh­dad has failed to give Kur­dis­tan Re­gion its fi­nan­cial rights while Kur­dis­tan has met the re­quire­ments of the oil ex­port deal with Bagh­dad.

He also added that dur­ing 2014 KRG saved more than IQD 1.5 tril­lion with a re­form strat­egy, and in the near fu­ture the gov­ern­ment will an­nounce another sav­ing strat­egy that has been de­vel­oped by lo­cal and in­ter­na­tional ex­perts.

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