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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Erbil borrows 200 billion new dinars from Baghdad to pay the salaries of its employees

rocky
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Erbil borrows 200 billion new dinars from Baghdad to pay the salaries of its employees Empty Erbil borrows 200 billion new dinars from Baghdad to pay the salaries of its employees

Post by rocky Tue 31 Aug - 9:11

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The Parliamentary Finance Committee revealed, on Tuesday (August 31, 2021), that the federal government sent an amount of 200 billion dinars to the Kurdistan region in order to pay the salaries of employees, while confirming that the region’s share of the 2021 budget has not been released so far for several reasons.
Committee member, Muhammad Al-Shabki, said in a statement to  IQ News , that "the Kurdistan region is still borrowing from Baghdad an amount of 200 billion dinars per month as an operating advance, given that a share of the 2021 budget law has not been released yet, due to the failure to fulfill its obligations."
He added that "there are four commitments in the 2021 budget, including the delivery of 250 thousand barrels per day of oil, in addition to half of the non-oil revenues of the federal government, which he has not adhered to so far. Therefore, the government does not have the authority to release the region's share without adhering to those paragraphs contained in Article 11 of the Law budget for the current year.
And he indicated that "the government pays an amount of 200 billion dinars to Kurdistan as an advance based on the text of Article 27 of the Financial Management Law," noting that "Baghdad this month also sent an amount of 200 billion to Kurdistan."
It is noteworthy that the Kurdistan Regional Government in Erbil, has resumed borrowing sums of money from Baghdad for months, the value of one amount amounting to 200 billion dinars per month, in order to pay the salaries of employees of the region's government departments, which have been suspended for a long time.
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