ERBIL — The Kurdistan Regional Government (KRG) on Monday reiterated its commitment to the recently passed federal budget law of Iraq for the fiscal year 2021.
KRG’s Department of Media and Information said in a statement that the Ministry of Finance and Economy in Kurdistan has officially informed its counterpart in Baghdad about its commitment to fulfilling the obligations articulated in the budget law.
The KRG’s Finance Ministry is ready to take practical actions, the statement added.
Following weeks of heated debates over the budget law, it was passed in late March to become the base for a resolution of financial disputes between Erbil and Baghdad as well.
Erbil, on multiple occasions, has made it clear that it will fulfill its obligations under the new law, and that it expects Baghdad to fulfill its obligations towards the Kurdistan Region.