September 20, 2024

Al-Awadi: The regional government did not hand over oil and non-oil revenues as required by the budget law


Government spokesman Bassem Al-Awadi confirmed on Friday that the federal government has fully implemented its financial obligations towards the Kurdistan region.



Al-Awadi said in a post on the “X” platform (formerly Twitter): “The federal government has fully implemented its financial obligations towards the Kurdistan region, and has made great efforts to provide solutions,” noting that “as of the end of June, the funds owed by the region amounted to more than three times as much as the region’s share, according to the state’s actual spending, while the regional government did not deliver oil and non-oil revenues as required by the Federal Budget Law.”



He added, “Despite the regional government’s lack of commitment, the federal government took a decision not to blame the Iraqi citizens in the region for non-compliance, and we worked with what the law allows by taking a decision in the Council of Ministers to lend the region until its financial problems are resolved.”



Al-Awadi stressed that “the federal government is as keen on the rights of citizens in the Kurdistan region as it is on the rights of citizens in other governorates, and that adherence to federal laws and agreements concluded, under the constitution, is the shortest path to completing financial transfers and enhancing confidence.”/End



Source: National Iraqi News Agency