Economy

KRG Ministry of Finance and Economy responds to Iraqi government

The Iraqi Ministry of Finance has only allocated 560 billion and 217 million dinars, which accounts for only 59% of the total salary. As a result, 41% of civil servants in the region are being deprived of their salaries.

Kurdistan 24 2024/03/12 22:00

The headquarters of the Ministry of Finance and Economy of the Kurdistan Regional Government. (Photo: Kurdistan24)

Kurdistan KRG Ministry of Finance and Economy Iraqi Ministry of Finance civil servant salaries

ERBIL (Kurdistan24) – The Ministry of Finance and Economy of the Kurdistan Regional Government (KRG) sent a letter dated 2024/3/5, numbered 2147/4/7, to the Iraqi Ministry of Finance. In the letter, they requested funding from the Iraqi Ministry of Finance to cover the full salary of all civil servants in the Kurdistan Region for February, which amounts to 949,813,146,170 Dinars. This request is made to ensure fair treatment and equality for all civil servants in the region.

However, the Iraqi Ministry of Finance has only allocated 560 billion and 217 million dinars, which accounts for only 59% of the total salary. As a result, 41% of civil servants in the region are being deprived of their salaries.

This measure by the Iraqi Ministry of Finance has resulted in a deficit in the payment of salaries for February, amounting to approximately 390 billion dinars. As a result, significant financial problems have arisen, leading to deprivation for a sizable portion of civil servants.

According to letters issued by the Ministry of Finance of the Federal Government, no funding will be provided to the KRG for the salary of March 2024.

KRG is currently processing the MyAccount initiative under the supervision of the Central Bank of Iraq, and negotiations are still ongoing. It is important to note that none of these measures from the Iraqi Ministry of Finance should result in any deprivation of civil servants in the region.