Sudani also pushed through a transfer of 400 billion Iraqi dinars ($308 million) to the Kurdish government, about two months after the Federal Supreme Court ruled that orders from the Baghdad government to transfer money to the Kurdistan Regional Government (KRG) to pay salaries in 2021 and 2022 were illegal because they broke Iraq's budget law. (Reporting by Alaa Swilam; Writing by Amina Ismail and Alaa Swilam Editing by Mark Potter and Angus MacSwan)
(Recasting with context)
CAIRO, March 16 (Reuters) - Oil revenues from Iraq's
semi-autonomous Kurdistan region will be transferred to a bank
account under federal government supervision for the first time
since 2002, state news agency INA reported on Thursday, citing
the prime minister's media adviser.
The move could lead to a break-through on the long-running
dispute on oil revenue-sharing between Iraq's national
government and Kurdistan.
Iraqi prime minister Mohammed Shia al-Sudani’s government
approved on Monday a draft budget that will cover Iraq for three
years.
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