Baghdad – WAA
The Ministry of Finance announced, today, Sunday, the results of the meeting of the Ministerial Council for the Economy, which was held in the Kurdistan Region.
A statement by the ministry received by the (INA) stated that “the bilateral meetings between the Ministerial Council for the Economy and the Economic Council of the Kurdistan Region, which are currently taking place in Erbil, have begun, in the presence of the Prime Minister of the Region, Masrour Barzani, as the discussions focus on mechanisms to enhance financial cooperation between the two parties and reach sustainable solutions to outstanding financial issues.”
He added, “The discussions are taking place within the framework of government efforts aimed at enhancing cooperation between the federal government and the Kurdistan Region, and joint financial files such as salaries of the region’s employees, the region’s budget, and border crossings, in addition to coordinating customs and tax policies, are considered among the most important issues that affect the stability of the Iraqi economy.”
The Minister of Finance stated – according to the statement – that “the talks represent a historic opportunity to achieve financial reconciliation between the federal government and the Kurdistan Region.”
She stressed the importance of “enhancing financial cooperation between the two parties and reaching sustainable solutions to pending financial issues,” noting at the same time that “agreeing on a fair mechanism for distributing oil revenues and border crossings will contribute to enhancing confidence and economic stability in the country.”