Kurdistan Prepares Salary List and Audit Report for Submission to Baghdad

Date:

Share post:

The Kurdistan Regional Government (KRG) has finalized preparations to send its March salary list and February audit report to the federal government in Baghdad. The Ministry of Finance and Economy confirmed that both documents are ready and will submit them soon as part of ongoing financial coordination between Erbil and Baghdad.

According to officials, the Iraqi federal government has already started distributing March salaries to its own employees. However, the federal government may delay transferring funds for public sector workers in the Kurdistan Region until early next month. This delay continues to raise concerns among employees who depend on regular salary payments.

A source from the KRG Ministry of Finance stated that a technical team will travel to Baghdad next week. The team will deliver the March salary list along with the February audit report directly to Iraq’s Ministry of Finance. The visit is expected to take place on Sunday or Monday, following the reopening of government offices.

Meanwhile, the Kurdistan Region has fulfilled most of its financial obligations under agreements with Baghdad. However, two key issues remain unresolved. These include the suspension of oil exports and the decline in non-oil revenues. Both factors have created serious financial pressure on the regional government.

Due to the ongoing conflict involving Iran and complications related to the electronic payment system, the Kurdistan Region has lost nearly 70% of its non-oil revenues. As a result, the government cannot collect the required 120 billion dinars for this month. Officials have therefore requested the federal government to reduce this financial obligation temporarily.

At the same time, oil exports have stopped due to the wider regional crisis. This situation has further limited revenue sources and increased economic challenges.

Overall, the submission of salary data and audit reports represents an important step toward resolving financial disputes. Officials hope that continued coordination will ensure timely salary payments and improve financial stability across Iraq.

Related articles

Gold Prices Remained Steady Near $4,500 Amid Iran Conflict Uncertainty

Gold prices remained steady at around $4,500 per ounce as global markets reacted cautiously to ongoing geopolitical tensions....

Lithos Brings Authentic Greek Cuisine to Erbil

Lithos Restaurant is one of the most distinctive Greek-style dining spots in Erbil. Known for its unique atmosphere...

20% Electricity Fee Waiver Returns 8 Billion IQD to Residents

The Kurdistan Regional Government has returned nearly 8 billion Iraqi dinars to residents following a 20% electricity fee...

USD/IQD Exchange Rate Rises in Erbil Markets

The USD recorded a slight increase against the Iraqi dinar in Erbil markets. Traders reported higher exchange rates...