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Financial crisis "severe" in the province and the Kurdistan authorities to borrow from investors while approving the budget

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dealerdean


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A source in the Kurdistan Regional Government for the financial crisis, "sharp" experienced by government institutions in the province.



The source told all of Iraq [where] that "the severe financial crisis taking place in the region because of the failure to approve the federal budget until now and do not specify the share of Kurdistan, including the continuation of the political dispute and the lack of consensus around it."



"The regional authorities have asked the businessmen, investors and contractors in Kurdistan Mbalghm deposit in banks the government to borrow them and provide financial liquidity until the approval of the federal budget."



The delegation was headed by the President of the Kurdish Barzani provincial government has failed to reach a consensus with the federal government during their talks in Baghdad yesterday and the delegation returned to Arbil without resolving the outstanding problems for the budget and the financial dispute with the file and the oil exports of the region.



A source familiar with the negotiations, the two delegations for [where] that "the Kurdish delegation was to hold its demands on the export of the region's oil through Turkey and go the money to the treasury rejected the terms of the federal government on the export of oil through the company's national Sumo and other points that have been developed already," referring to "The provincial government delegation ended the talks after failing to reach an agreement and left to Arbil."



The federal government has ensured the 2014 budget bill a clause imposes on the export of the Kurdistan region will alone [400] thousand barrels of oil per day, and if it does not comply with the province for any reason, the Baghdad deduct the amount of the region's share of the federal budget. "



He criticized the House of Representatives Kurds condition the federal government of the province exported 400 000 barrels "without consultation with Arbil, which is beyond the capacity of the region, and he could not export this amount, the requirement that the budget in the great unfairness. According to their description. Ended 14

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