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TrinityeXchange

KRG receives first 2015 budget payment

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anyone have access to this full blown article?

 

KRG receives first 2015 budget payment

The money helps ease tension between Erbil and Baghdad, and comes as the KRG increases its facilitation of federal oil sales.

 

The Kurdistan Regional Government (KRG) has received its first 2015 budget payment from Iraq’s federal treasury.Ahmed Abdulrahman, spokesman for KRG Minister of Finance Rebaz Hamlan, confirmed that 250 billion Iraqi dinars ($208.3 million) was received on Thursday, and went toward making overdue payments to public sector employees."We used the money to complete December payments of six ministries, the three presidencies and retired civil servants," Abdulrahman said.Under Iraq's 20...

Edited by TrinityeXchange
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They're talking about what would be the equivalent of our civil servants

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14815.jpg?width=400&height=300&crop=auto

Side of the city of Arbil in the Kurdistan region of Iraq amid imaging (AA)
Kurdistan announce the arrival of 250 billion dinars from Baghdad and is preparing to pay salaries next week

 

Author: HH, RA 
Editor: HH 26.02.2015 five five p.m. number of readings: 1575 
 

 

Long-Presse / Sulaymaniyah 

The Central Bank announced in the Kurdistan region of Iraq, Thursday, arrived about 250 billion dinars from the central government to Arbil, while the Ministry of Finance in the region confirmed that the employees' salaries will be distributed early next week. 

He said the central bank director in Kurdistan Adham Khurshid in a newspaper quoted statements and media Kurdish and vassal (range Press), "The amount of 250 billion dinars, arrived this afternoon from the central government to Arbil," noting that "the amount will be transferred to the Central Bank ".

For his part, said a spokesman for the Ministry of Finance and Economy in the Kurdistan Regional Government, Ahmed Abdel Rahman, said that "upon the arrival of the amount we will distribute ministries and institutions that did not receive one month's salary in December last salaries."

Abdul Rahman stressed that "it is scheduled to resume the distribution of salaries process starting from the beginning of next week."

The head of the Kurdistan Regional Government Nechirvan Barzani announced, in the 23 February 2015, he brought with him from Turkey during the recent visit of $ 500 million to pay the salaries of the staff of the Kurdistan region.

The head of the Kurdistan Regional Government, Barzani revealed, in the (February 16, 2015), for the Baghdad to pay salaries to its employees every 40 days, and confirmed that the central government "bankrupt" and undergoing a financial crisis, and said that the right of the region cut off oil exports in the event of non-receipt of allowances agreed, as pointed out that the agreement provides for sending more than one trillion dinars from Baghdad to Arbil.

The head of the Iraqi Council of Ministers Haider Abadi stressed, in the (February 16, 2015), that Iraq faces many challenges including the decline in oil prices and their impact on the budget and the security challenge, and stressed the need for concerted efforts to liberate the city of Mosul and the rest areas in coordination between Baghdad and Erbil, and as pointed out that the government is committed to resolving the problems with the Kurdistan region in accordance with the Constitution, the President of the Kurdistan Regional Government Nechirvan Barzani stressed the keenness of the region to communicate with Baghdad to solve all the problems.

The head of the Kurdistan Regional Government Nechirvan Barzani, in (January 28, 2015), that there is a misunderstanding with the central government on the export of oil, and pointed out that the region will not issue more than the agreed amount, and as pointed out that Kurdistan is facing the biggest financial problem, he stressed that the government is obliged to take special measures to address them.

Agreed the central and Kurdistan governments in the (second from December 2014), to allocate a portion of the federal allocations of Iraqi ground forces to the Peshmerga forces, and delivery of the Kurdistan Regional Government, 250 thousand barrels of oil per day in addition to the export of Iraq 300 thousand barrels per day of Kirkuk.

With the agreement also included the granting of a trillion and 200 billion dinars for the Peshmerga forces and the allocation of a percentage of the budget of the Ministry of Defense have.

It is noteworthy that several cities in the Kurdistan region, especially Sulaymaniyah, (364 km northeast of Baghdad), and Erbil, witnessed during the last period, staff demonstrations to protest the delay in payment of salaries, three months.

 It is noteworthy that the former head of the federal government, Nouri al-Maliki, cut the region's budget, and the salaries of its employees, since last February 2014, due to differences between the parties on the oil file.

 
 
 
 
It's all I could find
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KRG receives first 2015 budget paymentKhurmala-pipeline-resized-600x300.jpg?14
A worker walks on an oil pipeline at the Khurmala Dome formation of the Kirkuk oil field on Dec. 13, 2013. (STRINGER/Reuters)
By PATRICK OSGOOD AND RAWAZ TAHIR of Iraq Oil Report
Published Wednesday, March 4th, 2015

The Kurdistan Regional Government (KRG) has received its first 2015 budget payment from Iraq’s federal treasury.Ahmed Abdulrahman, spokesman for KRG Minister of Finance Rebaz Hamlan, confirmed that 250 billion Iraqi dinars ($208.3 million) was received on Thursday, and went toward making overdue payments to public sector employees."We used the money to complete December payments of six ministries, the three presidencies and retired civil servants," Abdulrahman said.Under Iraq's 20...

 

If you figure it up, it comes to around .83 cents.   Am I reading this wrong?  Give me some input please.

 

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Skrapppyone, ur math is wrong...if u multiply 208.3 million dollars x 1166dinar/1dollar= 242.8 billion dinars....so those numbers mentioned are correct....

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looks like still the same ... 0,00083. Looks like 208.3 was divided by 250... that = 0.83. Sorry

lol.....what?   i said .83 and didn't say it was showing it. lol......I just found it odd that they put those numbers.  Thanks tho.

Skrapppyone, ur math is wrong...if u multiply 208.3 million dollars x 1166dinar/1dollar= 242.8 billion dinars....so those numbers mentioned are correct....

do like seawolf and divide 208.3 by 250..........Its ok......like I said I was just wanting input.  thank you.

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Divide 250, 000,000,000/208,300,000= 1201----this is the rate

1201dinars or .00008332 cents...and sea wolf was correct

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