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Kurdistan Parliament approves law allows the government to borrow $ 5 billion
Tuesday 02-06-2015 | 8:18:26
Iraqi Kurdistan Parliament - p b / p p
Twilight News / Kurdistan region of Iraq's parliament on Tuesday approved a bill that allows the provincial government to request an international loan of up to US $ 5 billion.
She scheduled the Finance Committee in the Parliament of Kurdistan Haifa Haji Twilight News that after extensive discussions on the draft law was approved by parliament.
She noted that the law includes 13 articles were discussed all the articles and paragraphs in the law was ratified as well.
According to the law, the Kurdistan Regional Government may lend $ 5 billion through the formation of a committee comprising the prime minister and his deputy and finance minister or any other minister.
Baghdad and cut the region's share of the federal budget last year because of disagreements on the export of Kurdish oil which left the region in a financial crisis.
And complaining of the provincial government did not receive a full share of Baghdad, also this year, despite the agreement reached by the two sides, along with the additional financial burden resulting from the reception of more than 1.5 million displaced people and refugees.
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Tuesday 02-06-2015 | 8:18:26
Iraqi Kurdistan Parliament - p b / p p
Twilight News / Kurdistan region of Iraq's parliament on Tuesday approved a bill that allows the provincial government to request an international loan of up to US $ 5 billion.
She scheduled the Finance Committee in the Parliament of Kurdistan Haifa Haji Twilight News that after extensive discussions on the draft law was approved by parliament.
She noted that the law includes 13 articles were discussed all the articles and paragraphs in the law was ratified as well.
According to the law, the Kurdistan Regional Government may lend $ 5 billion through the formation of a committee comprising the prime minister and his deputy and finance minister or any other minister.
Baghdad and cut the region's share of the federal budget last year because of disagreements on the export of Kurdish oil which left the region in a financial crisis.
And complaining of the provincial government did not receive a full share of Baghdad, also this year, despite the agreement reached by the two sides, along with the additional financial burden resulting from the reception of more than 1.5 million displaced people and refugees.
[You must be registered and logged in to see this link.]
