Safar told the Kurdistan Democratic Party’s (KDP) official media outlet that the transfers are in return for the Kurdistan Region making commitments to honor its financial obligations under the budget law.
On Tuesday night, Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani said that the KRG has reached a deal with the federal government that will allow budget transfers to the Kurdistan Region to resume, with payments backdated to January 2021.
Later, KRG Minister of State and member of the KRG’s negotiating delegation Khalid Shwani said in a post on Facebook that the federal Council of Ministers authorized monthly transfers of $137 million to the Kurdistan Region, including for the backdated months.
Safar said that talks and negotiations between the two sides, which are mostly technical, are ongoing and are going well.
“As a sign of goodwill, Baghdad will send a stipend to the Region monthly and sending the money is in the framework of the agreement of the Kurdistan Region’s share of Iraq’s budget law,” he added.
Safar said that he is optimistic that the agreement between Erbil and Baghdad will be implemented as it is in the near future.
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