Baghdad sends 400 billion new dinars to Kurdistan[You must be registered and logged in to see this link.] |Today, 10:[You must be registered and logged in to see this image.]
Baghdad today - Erbil
Today, Monday, the representative of the Kurdistan Regional Government in Baghdad, Fares Issa, confirmed that if the budget is not approved in the coming days, Baghdad will send 400 billion new dinars to the region.
Issa told (Baghdad Today) that "the Kurdistan Regional Government has not yet released the salaries for the month of May for employees, due to the lack of sufficient financial liquidity, as a result of stopping oil exports and not approving the budget."
He added, "In the event of a delay in approving the budget, the federal government will send in the coming days an amount of 400 billion dinars as a loan that will be deducted from the region's share, so that the Kurdistan government can pay the salaries of its employees."
The Kurdistan region is witnessing a severe financial crisis that caused its inability to pay the salaries of employees after the decision to stop oil exports from the region to Turkey, which came after the Federal Ministry of Oil won a lawsuit in international courts.