Baghdad – IA
The Ministry of Finance announced today, Sunday, that it will release 400 billion dinars from governorate allocations, while noting that oil price fluctuations have caused a problem in achieving revenues.
The Ministry said in a statement received by the (INA): “Minister of Finance, Taif Sami, appreciated the support of the Parliamentary Finance Committee, as Chairman and members, for the work of the Ministry, while she provided a detailed presentation on the Ministry’s steps to address the budget deficit and the problem of lack of funding.”
Minister Sami said – according to the statement – that “oil price fluctuations caused us a problem in realizing revenues,” calling on “the Finance Committee to assist the ministry with regard to the problem of non-oil revenues with the regional government, as it has not handed over its oil revenues to the state treasury since the court’s decision was issued.” The federal government pays the salaries of Kurdistan employees.
She added, “The salaries of the region’s employees are estimated at 13 trillion dinars, as all that the Kurdistan Regional Government paid is 320 billion dinars from its non-oil revenues.”
She pointed out, “Securing financial allocations for the ration card and food basket sufficient for the next six months, and the improvement in oil prices was naturally reflected in financing, as today we will release more than 400 billion dinars from governorate allocations.”