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 Iraqi Kurdistan's 2011 budget is more than 10 billion dollars

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Iraqi Kurdistan's 2011 budget is more than 10 billion dollars  26.9.2010  

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Observers believe that due to rampant "corruption" in the country, large sums of budget are spent "vaguely." Iraq is considered one of the most corrupt countries in international reports on corruption.

September 26, 2010


ERBIL-Hewlêr, Kurdistan region 'Iraq', — The share of the federal region of Iraqi Kurdistan from the 2011 budget of Iraq will be as much as 12.484 trillion Iraqi Dinars (ID) ($US 10.67 billion), according to Kurdistan’s Deputy-Minister of Finance, Fazil Nabi.

In an exclusive interview with Rudaw, Nabi said that the Kurdistan Regional Government is going to send the project for 2011-budget to get its 17 percent share from the Iraqi central government this week.

He added that a reform has been made in 2011’s budget, decreasing the payment of politicians for the ordinary employees of the state mainly the retired ones.                   
The budget of the President of the republic, for instance, has been decreased by 20 percent, and the budget of the members of the parliament decreased by 10 percent.

Iraqi revenue mainly comes from oil. The country ranks third after Saudi Arabia and Iran to have the largest oil reserves.

But the country ranks fifth top corrupt country of the world, according to last year’s Transparency International report, which failed to make a distinction between the Kurdish region and the Arab Iraq.

Economic as well as political observers agree that there is a high level of corruption here in Iraqi Kurdistan as well. Though the region has an anti-corruption committee to monitor spending in the country, it has been largely ineffective.

The revenues made from oil, which is mainly located in the Shiite provinces in the south and Kurdish provinces in the north, are distributed based on the size of the population making up cities and regions.

Kurdistan includes three provinces of Erbil, Sulaimaniyah and Duhok with an estimated 4,000 people. It has 650,849,000 government employees,
www.ekurd.netan amount large enough to give a blow to the region’s budget.

Kurdistan's budget for 2008 was over 6 billion dollars, and over 9 billion dollars in 2009.

Iraq’s 2011 budget will be sent to govt

A senior official at Iraq’s Ministry of Finance stated on Monday that the proposed budget for 2011 will soon be sent to the cabinet for ratification as a lawmaker said the current government cannot decide on the budget under the country’s current circumstances.

Speaking to AK news last Sunday, Fadhil Nabi, Iraq’s deputy finance minister said that the ministry finished preparing a report on the proposed budget on Sept. 15.

The Council of Ministers will receive the report on Monday and discuss it for three weeks before sending it to the parliament for the final approval, he added.

According to Nabi, the Iraqi Finance Ministry hopes the anticipated budget will be reduced from 102 trillion and 500 billion Iraqi Dinars (IDs) (approximately $88 billion) to 90 trillion (around $76 billion).

He noted that in 2010, the budget was IDs 84 trillion, 17 percent of which was allocated for the Kurdistan Region.

But, a Kurdish lawmaker in the Iraqi parliament, Mohsen Saadoun told AKnews that the budget is unlikely to be authorized while the new Iraqi government is not formed.

"Only when the concerned committees in the parliament are set up the budget can be discussed and ratified," he noted.

Nearly seven months after parliamentary elections, Iraq’s parliament has held only one session, on June 15. The meetings have been indefinitely suspended until the blocs can resolve their disputes over the distribution of the three top posts of the country.

Saadoun urged the political leaders to narrow their differences and settle the disputes in the interest of forming the government.

He warned that the delay in approving the budget would harm the projects and the economic infrastructure of Iraq.

Observers believe that due to rampant "corruption" in the country, large sums of budget are spent "vaguely." Iraq is considered one of the most corrupt countries in international reports on corruption.
 
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