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Barzani: Kurdistan's economy is linked to the global economy, and the situation in Baghdad is reflected in the region's economy


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 2021-07-11 06:23
 

Shafaq News/ A source in the Kurdistan Regional Government stated on Sunday that the federal government deposited a sum of 200 billion dinars in the account of the Bank of the Regional Government.

An official source in the Kurdistan Regional Government had announced at the end of last June that Prime Minister Mustafa Al-Kazemi signed an official letter to disburse 200 billion dinars as an advance earmarked to pay the salaries of employees working in the public sector in the region.

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2 minutes ago, yota691 said:
 
 2021-07-11 06:23
 

Shafaq News/ A source in the Kurdistan Regional Government stated on Sunday that the federal government deposited a sum of 200 billion dinars in the account of the Bank of the Regional Government.

An official source in the Kurdistan Regional Government had announced at the end of last June that Prime Minister Mustafa Al-Kazemi signed an official letter to disburse 200 billion dinars as an advance earmarked to pay the salaries of employees working in the public sector in the region.

2 Billion Dinars, not Trillions, hummm!

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The federal government transfers 200 billion dinars to the bank account of the Kurdistan Region

Posted 2 hours ago
Euphrates News
The source of the news / Euphrates News
img-20210711-133412-430-810x540.jpg
 
 
 

 

{Economic: Al Furat News} A source in the Kurdistan Regional Government stated that the amount of 200 billion dinars, which was previously scheduled to be sent from the federal government to the Kurdistan Region, was transferred to the bank account of the regional government today, Sunday.

 

On June 15, 2021, the Presidency of the Iraqi Council of Ministers decided to send 200 billion dinars from the Kurdistan Region’s share of the general budget for the year 2021, and the decision of the Iraqi Council of Ministers caused various reactions among political forces and blocs within the Iraqi parliament.

On June 24, the Iraqi Prime Minister, Mustafa Al-Kazemi, said in a television interview, regarding what was said about the payment of 200 billion dinars to the Kurdistan Region, that “the Kurdish people are our people, and we did not pay the region’s budget, but rather we paid an advance for the purpose of paying the salaries of the region’s employees, it is unreasonable.” That the region’s employees be without salaries, despite all this, this is not a budget, but rather an advance that is deducted through an accounting process after the Bureau of Oversight in the region and the Bureau of Federal Oversight make an inventory of accounts and a clearing, only nothing more.

More than three months after the Iraqi parliament ratified the Iraqi federal budget law, some political parties in Baghdad continue to obstruct the implementation of articles related to the rights of the Kurdistan Region in the general budget. 

The details of the Kurdistan Region’s share were established in Article (11) of the Iraqi Federal Budget Law for the year 2021, which amounts to 129 trillion Iraqi dinars.

 The Kurdistan Region needs 895 billion dinars to cover the salaries of its employees in full, which means that the Kurdistan Region needs 10 trillion and 740 billion dinars per year for this purpose.

 According to Article (11) of the Iraqi Federal Budget Law for the year 2021, the Kurdistan Region must produce at least 460,000 barrels of oil per day from its oil fields, and after deducting the costs of extraction, transportation and quantities needed for local consumption, it must hand over to the federal government the revenues of 250 thousand barrels. Daily at Sumo's price. It must also hand over to Baghdad 50% of its non-oil revenues. Then the Iraqi federal government releases the Kurdistan Region's share of the federal general budget.

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Baghdad deposits 200 billion dinars into the account of the Kurdistan Regional Government

Posted 30 seconds ago
 
news source / noon agency
 
News source / Noon Agency
 

8-1626009319.jpg

 

Today, Sunday, a source in the Kurdistan Regional Government reported that the federal government deposited a sum of 200 billion dinars in the account of the Bank of the Regional Government, according to Shafaq News Agency.

An official source in the Kurdistan Regional Government had announced at the end of last June that Prime Minister Mustafa Al-Kazemi signed an official letter to disburse 200 billion dinars as an advance earmarked to pay the salaries of employees working in the public sector in the region.

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Kurdistan Region: Received 200 billion dinars from Baghdad

Posted 54 seconds ago
132682020_Doc-P-316721-63702682245244542
 

 

/ Baghdad / h. g

On Sunday, the Ministry of Finance in the Kurdistan Region announced that it had received 200 billion dinars from the federal government.

The ministry stated in a statement received by (the Iraqi Media News Agency /) that "within the framework of the implementation of the agreement between Kurdistan and Iraq, the first amount of 200 billion dinars was placed by the federal government in the account of the Ministry of Finance and Economy of the Regional Government in the Iraqi Central Bank / Erbil branch

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https://almasalah.com/ar/news/212036/كردستان-تعلن-عن-تسلمها-200-مليار-دينار-من-الحكومة-الاتحادية

 
 
2021/07/11 18:17
 

Kurdistan announces receipt of 200 billion dinars from the federal government

Baghdad / Obelisk: The Ministry of Finance in the Kurdistan Region announced, on Sunday, July 11, 2021, that it had received 200 billion dinars from the federal government.

The ministry said in a brief statement, "Within the framework of the implementation of the agreement between the Kurdistan region and Iraq, the first amount of 200 billion dinars was placed by the federal government in the account of the Ministry of Finance and Economy of the Regional Government in the Iraqi Central Bank / Erbil branch

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  •  Time: 07/11/2021 13:33:28
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  •  Reading: 793 times
Baghdad transfers 200 billion dinars to the region
  
{Economic: Al Furat News} A source in the Kurdistan Regional Government stated that the amount of 200 billion dinars, which was previously scheduled to be sent from the federal government to the Kurdistan Region, was transferred to the bank account of the regional government today, Sunday.
 

On June 15, 2021, the Presidency of the Iraqi Council of Ministers decided to send 200 billion dinars from the Kurdistan Region’s share of the general budget for the year 2021, and the decision of the Iraqi Council of Ministers caused various reactions among political forces and blocs within the Iraqi parliament.

On June 24, the Prime Minister, Mustafa Al-Kazemi, said in a television interview, regarding what was said about the payment of 200 billion dinars to the Kurdistan Region, “The Kurdish people are our people, and we did not pay the region’s budget, but rather paid an advance for the purpose of paying the salaries of the region’s employees. It is unreasonable that The region’s employees are without salaries, despite all this, this is not a budget, but an advance that is deducted through an accounting process after the Bureau of Supervision in the region and the Bureau of Federal Oversight make an inventory of accounts and set-off, only nothing more.

More than three months after the Iraqi parliament ratified the Iraqi federal budget law, some political parties in Baghdad continue to obstruct the implementation of articles related to the rights of the Kurdistan Region in the general budget. 

The details of the Kurdistan Region’s share were established in Article (11) of the Iraqi Federal Budget Law for the year 2021, which amounts to 129 trillion Iraqi dinars.

 The Kurdistan Region needs 895 billion dinars to cover the salaries of its employees in full, which means that the Kurdistan Region needs 10 trillion and 740 billion dinars per year for this purpose.

 Under Article (11) of the Iraqi Federal Budget Law for the year 2021, the Kurdistan Region must produce at least 460,000 barrels of oil per day from its oil fields, and after deducting the costs of extraction, transportation and quantities needed for local consumption, it must hand over to the federal government the revenues of 250 thousand barrels. Daily, at Sumo's price. It must also hand over to Baghdad 50% of its non-oil revenues. Then the Iraqi federal government releases the Kurdistan Region's share of the federal general budget.

Forgiveness of Lights

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Disclosure of a development in the case of 200 billion dinars and hosting the Iraqi Minister of Finance

Posted 4 hours ago
 
iraq-news-810x456.jpg
 
News source / First News Agency

Today, Sunday, the Al-Fateh Alliance revealed a development in the case of Baghdad's deposit of 200 billion dinars in the account of the Kurdistan government, and the file of the questioning of the Minister of Finance, Ali Abdul-Amir Allawi.
And the representative of the coalition, Karim Aliwi, said in an interview that was followed by (Al-Oula News), that “representatives from different political blocs were angry and announced their rejection of the Al-Kazemi government depositing 200 billion dinars in the Kurdistan government’s account as an advance allocated to pay the salaries of employees working in the public sector in the region, without The commitment of the regional government to its financial and oil obligations according to the budget law for the year 2021.”
He pointed out, "There is a parliamentary movement aimed at hosting the Iraqi Minister of Finance, to find out the mechanism for launching such an advance to the region without fulfilling his obligations of oil delivery as well as the revenues of the ports."
He stressed: "It is not possible to leave Iraq's money to be used for political purposes, deals and compliments in order to obtain personal gains."

 

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Finance of the Kurdistan region announces the receipt of 200 billion dinars from Baghdad

915003-98292f30-c2a6-4cb8-be2a-7f5a13173
Baghdad / NINA / - The Ministry of Finance and Economy in the Kurdistan Region announced today, Sunday, that it has received an amount of 200 billion dinars from Baghdad, indicating that the amount was transferred to the ministry's account at the Central Bank of Iraq in Erbil.

And the ministry stated in a statement, “This evening, Sunday, 7/11/2021, and in accordance with the framework of the implementation of the agreement between the Kurdistan region and Baghdad, the first batch of financial sums from the federal government, amounting to 200 billion dinars, arrived, and put it in the account of the Ministry of Finance and Economy in the Kurdistan Region in The Central Bank of Iraq, Erbil Branch.

The Minister of Finance, Ali Abdul-Amir Allawi, had announced earlier today the approval to send an amount of 200 billion dinars to the Kurdistan region, which the federal government had previously decided to send.

And Prime Minister Mustafa Al-Kazemi had signed an official letter to disburse 200 billion dinars as an advance earmarked to pay the salaries of employees working in the public sector in the Kurdistan region./ End 8
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ERBIL, Kurdistan Region – Baghdad sent 200 billion dinars to the Kurdistan Regional Government (KRG) on Sunday, the finance ministry announced. 

“Today, the first sum of money amounting to 200 billion dinars was transferred from the federal Iraqi government to the Finance and Economy Ministry’s bank account at Iraq’s central bank, Erbil branch,” the KRG's ministry announced in a Facebook post.

Last month, Iraq's parliamentary integrity committee announced that Baghdad will send 200 billion dinars a month to Erbil. Iraqi Prime Minister Mustafa al-Kadhimi later said the payment was an advance so the KRG could pay its civil servants.

Baghdad is yet to send Erbil’s share of the 2012 budget. Last month, the KRG said it was sending a report to Baghdad on the Region’s revenues, including oil, amid talks over budget implementation.

The budget was passed by the Iraqi parliament in late March after intense debate and more than three months after it was approved by the cabinet. One contentious point was Erbil’s share and requirements for the KRG to hand over oil.

The delay in implementing the budget has contributed to the KRG's difficulties paying its employees.

Baghdad sending the Kurdistan Region its budget share is conditional on Erbil fulfilling its commitments, which include handing over 250,000 barrels of oil per day, paying back the money it borrowed from the Iraqi Trade Bank, sending non-oil revenues and prioritizing paying the salaries of its civil servants and Peshmerga before any other spending.

 
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So i guess the oil for money deal is back on again between erbil and baghdad for a cut of the budget :confused2:

 

for inquiring minds 200 billion iqd = 137 million 338 thousand 180 dollars ..... all the best dv'ers  

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Al-Kazemi's government places the 200 billion dinars in the bank account of the Kurdistan Regional Governmentحكومة

 Monday July 12, 2021 at 11:02 am (89 views)

Al-Kazemi's government places the 200 billion dinars in the bank account of the Kurdistan Regional Governmentحكومة
Sky Press /

Despite popular, official and parliamentary opposition ... Al-Kazemi signed, earlier, an official letter to disburse 200 billion dinars as an advance earmarked for paying the salaries of employees working in the public sector in the region.

The signing of the amount and its official delivery today to the regional government comes despite the fact that the Kurdistan government did not hand over any amount of money that it owed on the export of oil

Representatives say.. that the Kurdistan Regional Government has been procrastinating in delivering what has been agreed upon between it and the federal government since approving the country’s general budget until now.. They wonder what the government relied on disbursing the sums to the regional government, and it did not abide by the agreement and did not hand over any of its imports to the federal government.

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Parliamentary Finance: The money sent from Baghdad should be used to pay salaries


 

14/7/2021 12:49:00

 
 
574891472021_2514123062021_677.jpg       
Parliamentary Finance: The money sent from Baghdad should be used to pay salaries

 

The Parliamentary Finance Committee confirmed that the first batch of money that arrived in the Kurdistan Region is for salaries only, as stipulated in the budget law.

Representative Sherwan Mirza, a member of the Parliamentary Finance Committee, said in an exclusive statement to PUKmedia : The first batch of funds allocated by the federal government as an advance to the Kurdistan Regional Government is to pay the salaries of employees.

He added: If that money is not used to pay the salaries of employees in the Kurdistan Region, this is contrary to the budget law, noting that the financial allocations that arrived are for one month and the decision of the Federal Council of Ministers should have been implemented with retroactive effect since the beginning of this year.

The Ministry of Finance and Economy of the Kurdistan Regional Government announced, earlier, that it had received an amount of 200 billion dinars from the federal government, indicating that the amount was transferred to the ministry's account at the Central Bank of Iraq in Erbil.

The ministry said in a statement that PUKmedia obtained a copy of it: As part of the implementation of the agreement between the Kurdistan Regional Government and the federal government, the first batch of funds from the federal government, amounting to 200 billion dinars, arrived, and it was deposited in the account of the Ministry of Finance and Economy in the Kurdistan Region at the Central Bank of Iraq branch. Erbil.

 

 

PUKmedia private 

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Kurdistan Finance sets a number of reasons that can end the deduction of employee salaries

 

 

423 Economie 2021/07/16 15:46 Baghdad today -

Kurdistan Today, Friday, the Finance Committee of the Kurdistan Regional Parliament identified a number of reasons that can end the deduction of employee salaries. The deputy head of the committee, Havidar Ahmed, told (Baghdad Today), "The regional government certainly realizes the impact of the cuts on the employees and their damages, but it was forced to resort to this option in light of the lack of financial liquidity caused by the drop in oil prices and Baghdad stopped sending the region's share last year." . Ahmed added, "The regional government owes oil companies and businessmen for amounts it paid salaries to employees last year, and also faced the Corona crisis." He pointed out that "oil prices still range in place, and cannot be relied upon, and the amounts sent by Baghdad are few compared to the amounts that are intended to be disbursed as full salaries to employees, which amount to 895 billion dinars per month." The Sulaymaniyah Provincial Council had submitted a request to the Kurdistan Regional Government to end the 21% deduction of employee salaries imposed more than a year ago.

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  • 2 weeks later...
  •  Time: 07/25/2021 14:05:49
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  •  Reading: 195 times
The Kurdistan region cancels salary deductions and pays them in full
  
{Economy: Al Furat News} The Kurdistan Regional Government announced, today, Sunday, the cancellation of deductions from salaries and their full disbursement.

Prime Minister Masrour Barzani said, "The salaries of the region's employees will be distributed in full as of this month." 

Hazem 

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Barzani announces the abolition of deductions from the salaries of the region's employees
 
 

  

Baghdad - people   

The President of the Kurdistan Regional Government, Masrour Barzani, announced, on Sunday, the cancellation of deductions from the salaries of the region's employees.   

  

 

Barzani said during a press conference followed by "Nass" (July 25, 2021), that "all financial revenues in the region are initially allocated salaries, but the government has other tasks, including services."  

He added, "The central government sent this month an amount to the region," stressing that "as of this month, the system of cutting the salaries of Kurdistan employees will be stopped and distributed without the 21 percent cuts."  

Barzani expressed his hope for "Baghdad's commitment to send monthly financial benefits to the region," noting that "it is the right of citizens for the government to serve them."

  

  

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PUKmedia publishes the latest information regarding the payment of salaries for Kurdistan employees


 

24/7/2021 15:34:00

 
 
4333122472021_56666.jpg       
PUKmedia publishes the latest information regarding the payment of salaries for Kurdistan employees

 

The Kurdistan Regional Government is scheduled to meet tomorrow, Sunday, to discuss canceling the employee’s salary deduction or reducing the deduction percentage.

Representative Sherwan Mirza of the Patriotic Union of Kurdistan bloc in the House of Representatives, a member of the Parliamentary Finance Committee, told PUKmedia : The Kurdistan Regional Council of Ministers is scheduled to meet tomorrow, Sunday, to discuss canceling the deduction or maintaining it by reducing its percentage, explaining, that the continued exchange of Baghdad for an advance of 200 billion dinars, unknown.

He added: By disbursing the Kurdistan Region's share within the financial budget, an advance of 200 billion dinars sent from the federal government is canceled, noting that the disbursement of financial dues is much better than the financial advances.

He stressed, that the Federal Ministry of Finance believes that if the financial budget for 2021 is implemented, the Kurdistan Regional Government will be in debt, contrary to what the Ministry of Finance and Economy in the Kurdistan Region confirms, regarding its debts with Baghdad.

A source in the Ministry of Finance of the Kurdistan Regional Government said during a previous statement to PUKmedia : that after the arrival of an amount of 200 billion dinars from the federal government and the increase in the imports of the Kurdistan Regional Government, there will be a change in the mechanism for distributing the salaries of employees and retirees for the current month of July.

He added: What exists is either to cancel the employee's salary deduction or reduce the deduction rate from 21% to 5% in most cases, noting that the Council of Ministers will meet soon to take the appropriate decision.

 

PUKmedia private

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The start of disbursing the salaries of the region’s employees without deduction


 

25/7/2021 15:22:00

 
 
2321122572021_56.jpg       
The start of disbursing the salaries of the region’s employees without deduction

 

Samir Hawrami, the official spokesman for the Deputy Prime Minister of the Kurdistan Regional Government, announced the start of disbursing the salaries of employees of the Kurdistan Region without deduction, tomorrow, Monday.

Hawrami said in a statement to PUKmedia : The Supreme Economic Council of the Kurdistan Region, headed by Prime Minister Masrour Barzani and Qubad Talabani, Deputy Prime Minister of the Kurdistan Regional Government, decided during its meeting today, to start disbursing employees’ salaries tomorrow, Monday, explaining, that the special meeting of the Council also decided to cancel the deduction of salaries. staff for the month.

He added: The decision comes after the federal government sent an amount of 200 billion dinars as an advance according to the foundations of the federal budget for the year 2021, as well as organizing and increasing internal revenues.

 

 

PUKmedia private

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Baghdad to send 200 billion dinars to the Kurdistan Region

 2021-08-01 12:46
 

Shafaq News/ The Parliamentary Finance Committee revealed that the federal government will send 200 billion dinars to the Kurdistan Region to pay employees' salaries.

 

It is noteworthy that a source in the Kurdistan Regional Government announced on July 11 that the federal government had deposited 200 billion dinars in the Regional Government's bank account.

 

By the end of last June, an official source in the Kurdistan Regional Government announced that Prime Minister Mustafa Al-Kadhimi signed an official letter to disburse 200 billion dinars to pay the employees' salaries working in the public sector in the region.

 

https://shafaq.com/en/Iraq-News/Baghdad-to-send-200-billion-dinars-to-the-Kurdistan-Region#

 

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 Baghdad: Muhannad Abd al-Wahhab
 
The Kurdistan Democratic Party parliamentary bloc confirmed that the regional government is committed to the agreements with the federal government, and indicated that the agreement concluded between the region and the central government to hand over 200 billion dinars is still going according to the controls and contexts of the agreement until the end of the year. The bloc’s representative, Diyar Berwari, said in an interview with “Al-Sabah”: “The agreement between the federal government and the region continues according to the agreed approach and within the four paragraphs of the budget,” noting that “the agreement concluded between the region and the central government to hand over 200 billion dinars is still going according to Terms and conditions of the agreement for the end of the year. 
He added, "The agreement will continue because it took four months of discussions and meetings until the terms of the agreement were agreed upon, in addition to the two parties' desire to communicate to implement the agreement."
 
 
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