Shafaq News / The Kurdistan Regional Government announced on Tuesday that the federal government transferred more than 950 billion dinars to the account of the Ministry of Finance and Economy in the region to finance last month’s salaries.
The spokesman for the regional government, Pishwa Horamani, said in a statement today, that the Federal Ministry of Finance deposited a financial amount of 958,012,332,759 dinars in the account of the Ministry of Finance in the regional government.
Horamani stressed that the Kurdistan Regional Government will start paying the salaries of last January as soon as possible, according to the mechanisms approved by the Ministry of Finance.
The Ministry of Finance in the Kurdistan Regional Government announced on Monday evening the reaching of a final agreement with the federal government to resolve the salary file of the region’s employees after a series of technical meetings between the two sides that lasted for several days.
The Salaries Of Kurdistan Employees Tops The List Of Differences Between Baghdad And The Region, Especially After The Decision Of The Iraqi Federal Court Last Year To Oblige The Federal Prime Minister And The President Of The Kurdistan Regional Government To Localize The Salaries Of Employees And Public Sector Workers With Federal Banks.
Baghdad confirmed its commitment to the decision, but required the submission of lists of employees, while the Ministry of Finance considered the region that “ambiguity wraps in how to deal with the list.”
The Kurdistan Region Is Witnessing A Financial Crisis And A Scarcity Of Liquidity Since It Losing Its Most Important Financial Resources Due To The Suspension Of The Export Of Oil To Turkey Through The Ceyhan Port Pipeline After Ankara’s Decision To Stop The Flow Of Crude Following An International Arbitration Decision Obliging It To Pay Compensation To Baghdad For The Damages Inflicted On It.
In turn, the federal government faces the challenge of securing employee salaries due to the high budget deficit to more than 64 trillion Iraqi dinars, while the size of domestic debt reaches about 14.5 percent of GDP, according to official data.
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