Barham Salih signs Iraqi budget law for 2021
Story summary
Iraqi President Barham Salih signed the Federal Budget Law for 2021 on Thursday, April 8, according to a statement issued by his office.
Salih stressed the need to implement its provisions in way that achieves the interests of citizens and supports economic reform and combating corruption.
On March 31, Iraq’s Council of Representatives passed the budget law, including Article 11, which outlines the Kurdistan Region's share, NRT reported.
The Kurdistan Regional Government (KRG) will receive 9.5 trillion Iraqi dinars ($6.5 billion), which will be disbursed in monthly increments, in return for submitting 250,000 barrels of crude oil per day to Iraq's oil marketer SOMO for export. The federal government will be able to cut off funds in the event of non-compliance.
Reporter's code: 50101
User comments