Kurdistan budget payment imminent
Baghdad is set to make a partial budget transfer to Erbil within days, although the fate of a cooperative oil export and revenue deal remains uncertain.
Iraqi Oil Minister Adil Abdulmahdi (left), KRG Prime Minister Nechirvan Barzani (center), and KRG Deputy Prime Minister Qubad Talabani (right), in Erbil on Nov. 13, reach a deal on restarting revenue sharing payments and exports. (Source: Kurdistan Regional Government)
ERBIL - The Kurdistan Regional Government (KRG) is set to receive a budget payment from Baghdad as soon as Iraq’s federal budget law officially takes force, despite continued uncertainty about Kurdistan’s contributions to federal oil exports.
“A budget payment will be made very soon to the KRG of their share, according to the agreement that was reached, as soon as the law is made official,” said Hoshyar Zebari, Iraq’s Minister of Finance.
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