The Kurdistan region announces agreement on 12.67% of Iraq’s federal budget for 2021
Qubad Talabani, Deputy Prime Minister of the Kurdistan Regional Government, revealed that an agreement had been reached with the federal government in Iraq on the draft budget law for 2021.
Qubad Talabani said, in a press conference held in Baghdad, today, Tuesday, that the agreement concluded that the proportion of 12.67 percent of the 2021 budget will be allocated, according to the Iraq News Agency, “INA.”
Talabani said, “We also came to Baghdad to implement the fiscal deficit law. We do not know our share of the fiscal deficit financing law yet and we are waiting for an answer from the federal government and for Baghdad to hand us our share of the fiscal deficit law.”
Talabani added that there are challenges facing the region in 2021, and we must join hands to solve the current crises.
He continued, that the Kurdistan region expressed its willingness in 2019 to hand over oil revenues, and oil revenues have already been delivered to the federal government.
He stated, “Our dialogues with Baghdad are continuing and have not failed. The points discussed with the federal government have become part of the budget. The percentage of the Kurdistan region’s share of next year’s budget is 12.67%, which is less than the previous 17%.” Source