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The regional government delegation arrives in Baghdad to discuss the budget

rocky
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The regional government delegation arrives in Baghdad to discuss the budget Empty The regional government delegation arrives in Baghdad to discuss the budget

Post by rocky on Tue 08 Sep 2020, 6:55 am

]The regional government delegation arrives in Baghdad to discuss the budget
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Economy News - Baghdad
A high-ranking delegation from the Kurdistan Regional Government headed by the deputy prime minister of the region, Qubad Talabani, arrived on Tuesday, in the capital, Baghdad. 
A spokesman for Deputy Prime Minister Samir Hawrami said, "The visit comes as an extension of the previous meetings between the Kurdistan Region and the federal government," according to "Rudaw".
He added that the discussions will revolve around the outstanding differences, including in particular the financial dues for the Kurdistan Region and how to fix them in the draft budget law for 2021. 
He stressed that the Kurdistan Regional Government has shown its willingness to reach an agreement with the federal government on oil and non-oil revenues and border crossings. 
The delegation will start its meetings today with the existence of sub-committees to discuss the legal details and find a way out of the controversial issues. 
So far, Baghdad and Erbil have not reached a definitive agreement, amid talk of several scenarios for an agreement. 
A member of the Parliamentary Finance Committee, Sherwan Mirza, said that there is a tendency not to rely on a percentage to determine the Kurdistan Region’s share of the budget because Baghdad had never previously committed to sending the specified rates. 
He explained that based on the population rate in Iraq, Kurdistan's share in the budget should not be less than 15%, but Baghdad has never sent this percentage of the budget during the past years, so the agreement will be on a specific amount of money instead of a percentage. 
Baghdad and Erbil previously agreed to send the federal government 320 billion dinars per month to the Kurdistan Region for the months of August, September and October until the 2021 budget is approved, in return for handing over 50% of the border crossing revenues to the region.
Source: Rudaw
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