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Federal Government’s Responsibilities Regarding Public Funds Highlighted by Parliamentary Investment Committee Member
In a recent statement, Muhammad Al-Ziyadi, a member of the Parliamentary Investment Committee, articulated the federal government’s imperative to safeguard public funds and mitigate their misallocation. He emphasized that this responsibility extends to the region, various institutions, and citizens alike. “The region is an integral part of the state, and the federal government is accountable to the House of Representatives for the management of public funds,” he asserted.
Al-Ziyadi further indicated that following the submission of the budget bill to the House of Representatives, the government is pursuing a temporary solution aimed at addressing the ongoing crisis between the central government and the region. However, he noted that this approach does not represent a definitive or sustainable resolution.
He highlighted the necessity for the debts incurred by the Kurdistan region to be presented to the federal government, underscoring that this matter cannot be overlooked or neglected.
A particularly contentious area within this discussion pertains to the debts owed to foreign companies by the Kurdistan region. Over the years, the regional government has entered into contracts with oil companies without consulting Baghdad. Although these debts amount to billions of dollars, the federal government has consistently refuted any responsibility, asserting its non-involvement in these agreements.
Erbil seeks to frame the crisis as a challenge to the Kurdish populace; however, the central government contends that the core issue revolves around adherence to the law and financial transparency, rather than political or ethnic disputes.