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The Council of Ministers lends the Kurdistan region two trillion and one hundred billion dinars
The first 09/18/2023
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Baghdad: Al-Sabah
The Council of Ministers decided, in its regular session held yesterday, Tuesday, under the chairmanship of Council President Muhammad Shiaa Al-Sudani, that the Rafidain and Rasheed Banks and (TBI) would undertake to lend the Iraqi Kurdistan Regional Government an amount of two trillion and one hundred billion dinars for the current fiscal year, to be paid in three equal installments in (700) billion dinars for each batch, starting this September.
The Prime Minister's Media Office statement added that the Federal Ministry of Finance is repaying the aforementioned loan amounts from the region's allocations in the federal general budget for the fiscal year 2023, after settling what it owes.
The statement indicated that the Federal Office of Financial Supervision, in coordination with the Office of Financial Supervision in the region, is responsible for auditing the numbers of employees and those covered by social welfare salaries and retirees in the region according to the lists submitted to the Federal Ministry of Finance and the amount of their salaries within a period not exceeding (30) days from the date of issuance. This decision is in accordance with the requirements set by the two aforementioned offices.
In confirmation of the directives of the Commander-in-Chief of the Armed Forces to enhance the security of the Iraqi borders, the Council of Ministers approved the allocation of (15,140,400,000) dinars by the Ministry of Finance to the Ministry of Interior from the emergency reserve allocations, to construct a concrete wall on the Iraqi-Syrian border/Sixth Region border sector, in completion of the previous wall from Sharji al-Rawi area, south of Tel Safuk.
In order to alleviate the burden on families of diabetic children, the Council of Ministers decided to include diabetic children with social protection benefits, considering them to be individuals below the poverty line.
The Council of Ministers approved an increase in the capital of the House of Cultural Affairs/Ministry of Culture, approved by the Federal Bureau of Financial Supervision and the Capital Determination Committee in the Ministry of Finance, in the amount of (3,308,773,000) dinars, instead of 15 million dinars.
The Council of Ministers approved the recommendation of the Ministerial Council for the Economy, which includes amending the price of the gas oil product (kerosene) supplied to government sector companies in the Ministries of Transport and Trade to become (400 dinars/liter) instead of (750 dinars/liter), and the decision will be implemented starting from the first of next October. .
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