Kurdistan to continue talks with Baghdad over 2021 budget

Kurdistan Regional Government Vice President announced, on Monday, that the region had reached an agreement with the Iraqi government regarding the 2021 budget.

Jaafar Mustafa Ali said during a press conference after a meeting with the Kurdistan Parliament, "We have repeatedly expressed to the current and former federal government our readiness to deliver 250 thousand barrels per day."

He added, “More coordination between the Kurdish political forces is needed to approve the budget law in the Iraqi parliament containing the region share.”

This morning, the Presidency of the Kurdistan Parliament met with the negotiating Kurdish delegation.

The meeting was attended by leaders of parliamentary blocs and heads of committees in Kurdistan Parliament, and Qubad Talabani, and members of the delegation.

The meeting discussed the results of the recent negotiations with Baghdad regarding the region’s financial dues.

The governments of Iraq and Kurdistan have reached an agreement on Erbil’s contribution to the 2020 federal budget.

The deal includes a transfer of 250,000 barrels per day (bpd) from the oil-producing region to Iraq’s national budget in exchange of securing the financial dues of the region.

However, Kurdistan said that the federal government did not keep their promise of sending the all financial duties to the region.

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