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Zebari: the Kurdistan province recent commitment to the Convention and to consult with the Iraqi government on loans
Announced Iraqi Finance Minister, Hoshyar Zebari, on Monday, that the year 2015 will be a difficult year financially, stressing that the Kurdistan Region must abide by the recent Convention and consult with the federal government on the issue of foreign loans.
Zebari said in an interview with Roudao Media Network, speaking about the recent agreement between the Kurdistan Regional Government and the federal government, said that "the agreement if not applied will not stay trust between Erbil and Baghdad, and will lead to its dissolution, any step taken in this area must be taken transparently" .
On the head of the Kurdistan Regional Government Nechirvan Barzani, who said the statement, that there are no obstacles to the sale of the Kurdistan Region of oil, Zebari said: "I was a participant in the agreement between Erbil and Baghdad, and if we want to make it a success; should the two sides will commit to."
Regarding the possibility of the province of Kurdistan request an external loan, Zebari said that "the Kurdistan Regional Government consulted legal, there must be a way to do it, otherwise it will become a problem, you should consult with the Kurdistan Regional Government of Iraq on the loan."
And about the financial situation in the country, Zebari said that "Iraq has about 100 trillion Iraqi dinars, but need to exchange 125 Trliuna for the year 2015, so it has a deficit of 25 Trliuna," noting that "80% of the financial budget for Iraq earmarked for salaries, and allocated to projects and investment must be at least 45 trillion dinars. "
Regarding the share of the Kurdistan Region of the financial budget of the country, the Minister of Finance explained that "the region's share of more than 15 Trliuna, the Iraqi government has a reserve for 2015, a 18 Trliuna and the Kurdistan Region has more than one trillion dinars," adding, "according to the recent agreement between Arbil and Baghdad , will not delay sending the share of the Kurdistan Region of the budget and salaries, with the funds allocated to farmers. "
And balancing the Kurdistan Region for the year 2014 Astqtatha Baghdad, Zebari said, "that share had been a big problem, the Iraqi government sent a share in January monthly and February 2014 only, and Maliki has to deduct the remaining, there is no constitutional right to do Baghdad cut and balance the Kurdistan Region salaries, there agreement between Erbil and Baghdad, Baghdad has sent in two billion dollars, and in return, the development of the Kurdistan region of 150 thousand barrels of oil at the disposal of Iraq. "
Zebari said that the Iraqi government is facing a crisis of lack of money, persisting "Ptsouri; may be the year 2015 a tough financially, especially in the first six months, but the withdrawal of guesses; the price of a barrel of oil will rise from $ 70 to $ 80, but it will up to 100 or $ 110 as the price was in the past. "
He added that "the Iraqi government set the price of a barrel of oil in the budget of 2015 in the amount of $ 60, and for the first time we tried to think of taxes, which increase the internal revenue, and Mr. Abadi supports this notion 100%, and citizens must get used to the granting of taxes, such as taxes on cars and real estate and travel. "
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