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Former MP: The Kurdistan region contributes 5% of its annual revenues to the payment of Kuwait’s compensation
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Former MP Ahmed Al-Saffar said that the Kurdistan region participates with 5% of its annual revenues in paying compensation to Kuwait.
Al-Saffar added, in statements reported by Rudaw and seen by Al-Iqtisad News, that the Kurdistan region "participates with 5% of its annual revenues in paying compensation to Kuwait since 2005, and when the compensation ends, this percentage will be added to the region's share in the budgets of the coming years."
He continued: "The Kurdistan region paid millions of dollars in the framework of these compensations, which would have contributed to more reconstruction and development if they were spent on the region."
And the Iraqi embassy in Kuwait said in a statement, yesterday, Monday, seen by "Al-Iqtisad News", that Iraq paid the State of Kuwait "on 10/26/2021, an amount of (490) million dollars, and it will work to pay the remaining amount of compensation in early 2022."
The embassy indicated that the remaining amount is estimated at "629 million dollars."
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