Tuesday, 11 March 2014

Baghdad:‘KRG’s annual ports income is $6 Billion’

Amin Hadi, an Iraqi MP on the committee of finance, has announced that the Kurdistan Region’s annual income from ports of entries is close to $6 billion, and that these funds have not been added to Iraq’s annual income, nor to the KRG’s. 

The MP said the finance committee has done its investigations and concluded that the KRG is hiding the annual income it gets from ports. 

The MP said that, while it is so far unclear who controls the revenue, it is clear that the money has not been used to serve the people of the Kurdistan Region. According to the Iraqi Constitution, all regions and provinces should submit their annual incomes to the federal budget. (KT)

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