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On top of which is real estate.. "paralyzed" sectors await the arrival of Kurdistan's budget
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Baghdad today - Kurdistan
Today, Wednesday (August 16, 2023), a member of the Industry Committee in the dissolved Kurdistan Region Parliament, Muslim Abdullah, revealed the most prominent jobs and sectors that have been subjected to "clinical death" as a result of the economic crisis in the region, according to his description.
Abdullah said in an interview with "Baghdad Today" that "there are many projects that have suffered a semi-collapse, such as the real estate market, construction projects, and iron and steel projects."
He added that "construction projects have been subjected to an almost complete halt, as is the case with the real estate market due to the great financial crisis that the region was exposed to, and therefore there are many jobs that have stopped and the number of unemployment has increased to thousands and they have become without work," noting that "the matter depends on the release of allocations." The region from the budget for the return of the spirit of these projects.
Earlier, a member of the Finance Committee in the dissolved Kurdistan region's parliament, Sabah Hassan, confirmed that an agreement was close to sending the region's budget retroactively.
Hassan said in an interview with "Baghdad Today" that "the federal financial oversight delegation present in the region conducted a comprehensive review of the data, statistics and numbers of employees in Kurdistan and audited them."
He added, "The governments of Baghdad and Erbil will reach an agreement in the coming days, and the entire share of the region will be sent retroactively from the beginning of this year, and the advances sent by Baghdad will be deducted."
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