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On Thursday, economic expert Nabil Al-Marsoumi explained the shares of the Kurdistan region from the 2023 budget, amounting to 12%.
Al-Marsoumi said in a Facebook post seen by "Al-Iqtisad News", that "with regard to Kurdistan in the 2023 budget, the Ministry of Finance will pay the loan amount of 400 billion dinars granted to the Kurdistan region according to Cabinet Resolution No. 333 of 2022 by the Iraqi Trade Bank from the region's share for the current year." Pointing out that "Kurdistan's share of actual spending after excluding sovereign expenditures = 12.67%."
He added, "The wages for the operational costs of producing and transporting crude oil exported by the region are among the sovereign expenditures."
He pointed out that "the Kurdistan Regional Government is committed to exporting crude oil from its fields at a rate of not less than 400,000 barrels per day."
He explained that "the deposit of the total revenues of the oil produced from the fields of the region takes place in one bank account in which all revenues derived from the export or sale of crude oil and its derivatives are deposited without any deductions for any purpose whatsoever. ".
He noted that "a percentage of the allocations of the federal ground forces of the Iraqi army is allocated to the Peshmerga forces according to the population ratios of the aforementioned forces," noting that "the Kurdistan Regional Government is committed to handing over non-oil revenues to the state treasury."
Al-Marsoumi stated that "50% of the revenues of the border crossings are allocated to the governorates in which these crossings are located, including the Kurdistan region."
He continues, "The Federal Ministry of Finance is committed to paying the region's dues under the provisions of this law on a monthly basis."
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