Iraq News Now

The Iraqi Finance Ministry on July 10 transferred 200 billion Iraqi dinars ($138 million) to the semi-autonomous Kurdistan Regional Government (KRG) — the first budget payment this year.

The transfer was confirmed to Iraq Oil Report by officials in both the KRG and the federal government.

With many technical and accounting details still to be worked out between the two sides, it was not immediately known if this first transfer would be followed by regular payments to the KRG, which has struggled to pay its civil servants in full or on time.

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