Parliamentary source: Baghdad and the region sign next Sunday an agreement on the 2020 budget
Parliamentary source: Baghdad and the region sign next Sunday an agreement on the 2020 budget
2019/11/27 13:40
[Baghdad-Where]
A parliamentary source revealed that the federal government and the Kurdistan Regional Government will sign on Sunday, an agreement on the fiscal budget for 2020.
The source said in a press statement that “it is scheduled to sign Baghdad and the region on Sunday, an agreement on the share of the region in the general budget, but it is not clear whether the agreement will be on 12, 14 or 17% as a share of the region in the budget.”
For his part, the rapporteur of the Parliamentary Finance Committee, Ahmed Saffar, that “the Kurdistan Regional Government will send in the next year [250] thousand barrels of oil per day to Baghdad and in return Baghdad will send the share of the Kurdistan region of the budget.”
He added, “Next year will be different and the region’s share will be sent in full with the sovereign budget and give the region’s share of loans received by the federal government.”
A delegation from the Kurdistan region, visited Baghdad on Monday and agreed with Baghdad on the issues of the general budget and oil.
According to the agreement between the parties, in return for sending the budget and salaries of employees of the Kurdistan region, the region will send 250 thousand barrels of oil daily to the company SOMO.
According to the information received, after the visit of the delegation of the region to Baghdad to agree on the issue of salaries and the budget of 2020 and the oil revenues of the region with Iraqi officials, it was agreed that at the beginning of next year and in return for sending financial dues to the region, such as salaries and budget from the federal budget 2020, the Kurdistan region Jan. 1, 2020 will send 250,000 barrels of oil per day to Baghdad and sell it through SOMO.
alliraqnews.com
