Baghdad sends 320 billion to Erbil in exchange for 50% of the ports’ imports

Baghdad sends 320 billion to Erbil in exchange for 50% of the ports’ imports

9/27/2020 9:21

Baghdad sends 320 billion to Erbil in exchange for 50 percent of the ports importsWhere News _ Baghdad

The federal government intends, on Sunday, to send 320 billion dinars to the Kurdistan region in exchange for 50% of the imports of the border outlets, while discussions are taking place between Baghdad and Erbil regarding the 2021 budget.

The official spokesman for the deputy prime minister of the region, Samir Hawrami, said in a statement to government media , It was “agreed in principle between the two parties regarding the current year budget,” noting that “Baghdad will send 320 billion dinars to the Kurdistan region in exchange for 50% of the imports of the border crossings.”

He added that “the regional government is continuing through meetings and meetings with the federal government in order to formulate a financial strategy for Iraq,” noting that “the ministries of finance and planning in the two governments are continuing in this regard through the weekly meetings to formulate the financial strategy for Iraq, which include the years 2021, 2022 and 2023.”

Hawrami pointed out, “This strategy is the basis for the draft budget next year 2021 and the confirmation of financial dues for the region in the draft general budget before sending it to the parliament and approving it.”

alliraqnews.com