Shafaq News

  In Shafaaq 

The Kurdistan Region delegation arrives in Baghdad to resolve the budget crisis

An informed source said that the Kurdistan Region delegation had arrived in Baghdad on Wednesday in order to resolve disputes regarding the region’s share in the federal financial budget for the current year.

The source told Shafaq News, “The Kurdistan Regional Government delegation arrived in Baghdad to finalize the agreement with the Parliamentary Finance Committee and the federal government regarding the region’s share in the budget.”

The delegation arrives a few hours after the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, refused to respond to the demands of Shiite forces to hand over the oil file to the federal government.

Barzani said in a press conference in Erbil, that this matter violates the constitution and violates the rights of the Kurdistan Region, indicating that the region will depend on its financial revenues, although they are few, in case they do not reach an agreement with Baghdad, similar to past years.

Barzani accused political blocs of using this file for political bidding and propaganda for the upcoming early parliamentary elections, but he confirmed his government’s commitment to the agreement concluded with Baghdad on the budget.

Last December, Baghdad and Erbil reached an agreement on the financial budget, providing for the region to deliver 250,000 barrels of oil per day, and half of the revenues from border crossings and others to the federal government, in exchange for a share in the budget of 12.6 percent.

The agreement was included in the draft budget, but Shiite political blocs reject the agreement, which hinders its passage in Parliament. Source