Iraq’s 2021 Budget Law Goes into Effect
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Iraq’s 2021 Budget Law Goes into Effect

ERBIL — Iraq’s federal Budget Law for the fiscal year 2021 will go into effect on Monday, April 26, according to an official document.

The country’s Ministry of Finance and Economy directed an official letter to its administrative units to visit the ministry on Monday and receive regulations based on the new law.

It said appealing the articles of the 2021 Budget Law will not delay its implementation.

After weeks of negotiations and parliamentary debates, the budget law was approved at the legislature late in March.

The share of the Kurdistan Region has also been settled in the law after Erbil and Baghdad governments made an agreement on oil exports and non-oil revenues.

Kurdish officials, on different occasions, have reaffirmed the commitment to the budget law, saying that they expect the Iraqi Federal Government to also fulfill its obligations under the new law.