KRG will not take share of 2022 budget: Iraq finance minister

Iraq’s Finance Minister, Ali Allawi, said the Kurdistan Region’s share of the 2022 budget will not be allocated because the of Federal Supreme Court’s decision against the regional government’s oil contracts.

Allawi told Earth News Arabic the Kurdistan Region’s oil was seized illegally and exported by the Kurdistan Regional Government (KRG), adding the oil income should be sent to the Iraqi federal government as part of the agreement between Erbil and Baghdad from 2021.
He said the oil exports were not handed over and for this reason, the budget will not include the KRG’s share.
Allawi said the 200 billion Iraqi dinars sent by the federal government was based on an agreement between Erbil and Baghdad in order for the KRG to work on handing over oil exports. He stated the transfer would not continue.
The supreme court ruled against the KRG’s oil contracts in February, while Erbil has rejected the court ruling a number of times and stated the verdict was politically motivated.
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