Sunday, August 31, 2025
41 C
Baghdad

Kurdistan’s Budget Allocation of 690 Billion Dinars Begins

The Kurdistan budget allocation of 690 billion dinars has officially started for June salaries to employees in the Kurdistan Region. The Ministry of Finance began disbursing funds in Baghdad and will complete the process today, ensuring timely payments.

All measures ensure that June salaries reach employees without delay. Furthermore, the Kurdistan Ministry of Finance will release the salary list tomorrow, maintaining transparency in the allocation process.

Regarding the Kurdistan oil revenue issue, Shwan Jabari stated that two Kurdish delegations will visit Baghdad this week. One delegation will discuss the oil revenue dispute, which has persisted for years, while the other will focus on domestic revenue negotiations between the Kurdistan Region and the federal government.

The Kurdistan Region must transfer fifty percent of its domestic revenue to Baghdad according to the three-year budget plan and fiscal law. However, the federal Ministry of Finance and Iraqi authorities demand that Erbil hand over the entire domestic revenue along with fifty percent of federal revenues.

On the domestic revenue issue, the Kurdistan Regional Government and the federal government have yet to reach an agreement. The Kurdistan government has emphasized it is not ready to transfer even 120 billion dinars for upcoming months. Meanwhile, Baghdad insists on receiving the full share of domestic revenue, citing federal law and fiscal requirements.

Both parties are expected to take their dispute to the Federal Court to resolve the issue. Consequently, analysts predict that delays may affect the disbursement of salaries in the coming months if the dispute continues.

Despite ongoing disagreements, the Kurdistan budget allocation for June demonstrates the region’s commitment to supporting employees and maintaining financial stability. Authorities stress that proper coordination with Baghdad remains essential to ensure smooth salary distribution.

Ultimately, the Kurdistan budget allocation highlights the financial challenges and negotiations between Erbil and Baghdad. Observers note that continuous dialogue and legal channels are critical for resolving disputes and maintaining public trust in government financial management.

Hot this week

Gold and Iraqi Dinar Prices Today Reflect Market Trends

The latest gold and Iraqi dinar prices today show notable trends...

Abu Subat Village Nomination Highlights Iraq’s Marshlands

The Iraqi province of Dhi Qar has launched an...

Iraq Submarine Cable Project Expands Connectivity with Bahraini Partnership

Iraq is expanding its digital infrastructure after signing a...

Iraq launches First National Migration Plan to Boost Opportunities

Iraq has achieved a major milestone by launching its...

Iraq Social Media Regulations Clarify Internet Boundaries

The Iraqi government recently addressed Iraq social media regulations, clarifying...

Topics

Gold and Iraqi Dinar Prices Today Reflect Market Trends

The latest gold and Iraqi dinar prices today show notable trends...

Abu Subat Village Nomination Highlights Iraq’s Marshlands

The Iraqi province of Dhi Qar has launched an...

Iraq Submarine Cable Project Expands Connectivity with Bahraini Partnership

Iraq is expanding its digital infrastructure after signing a...

Iraq launches First National Migration Plan to Boost Opportunities

Iraq has achieved a major milestone by launching its...

Iraq Social Media Regulations Clarify Internet Boundaries

The Iraqi government recently addressed Iraq social media regulations, clarifying...

Ancient Duhok Cemetery Discovery Reveals History of 5,000 Years

An ancient Duhok cemetery discovery has revealed a historic site near...

Iraq Boosts Agricultural Investment with 97 New Projects

Iraq is taking bold steps to strengthen its agricultural...

Iraq’s Parliament Pushes for Education Law Approval

Iraq’s Parliament emphasizes education law approval by urging committees to accelerate...

Related Articles