Baghdad makes second KRG budget transfer

Erbil has now received $138 million payments in both July and August, as a fragile political deal revives financial flows that had been stalled since October 2020.

The Taq Taq-Khurmala Oil Pipeline being installed, Oct. 24, 2012. (KAMARAN NAJM/Metrography/Iraq Oil Report)
By of
Published Monday, August 30th, 2021

ERBIL - Iraq's federal government has sent a second budget transfer to the semi-autonomous Kurdistan Regional Government (KRG) under a stop-gap political deal.

Two senior KRG officials said the transfer, of 200 billion Iraqi dinars ($138 million), was received Sunday morning.

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