The budget of Iraq's Kurdistan Region for the current year is 13.94 trillion Iraqi dinars ($11.9 billion), Kurdistan's Premier, Barham Saleh, told a news conference in Erbil.
This includes 9.687 trillion dinars for 'expenditures and commissioning', 4.15 billion for investment projects, 54 billion dinars for the Kurdistan Parliament's expenditures, 48 billion dinars for the Region's Supreme Legislative Council, and 200 billion dinars as advance payments for the Kurdistan Parties, pending the final approval of the Parties Law.
The planned deficit is 1.554 trillion dinars, explained Saleh, adding that "the largest part of the deficit is due to the budget of the Pesh Merga (Kurdish armed forces), because the Pesh Merga Ministry's allocations must be directly paid by the Iraqi Defense Ministry".
Kurdistan's Premier also the allocation of 25 billion Iraqi dinars for micro-credits, for finding employment opportunities for the youth, and to support projects aimed at enabling students to find jobs.
Premier Saleh also said that the Region's government had decided to raise the "marraige advance payment from one million to 2.5 million Iraqi dinars and to revise the salaries for the special degrees, the Region's Presidency, the ministers, director-generals and advisors, provided that 10% of those salaries would be deducted.
(Source: Aswat al-Iraq)