Source: KRI’s payroll faces 300 billion IQD gap, payouts expected in one week

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Source: KRI's payroll faces 300 billion IQD gap, payouts expected in one week

The Ministry of Finance and Economy Council in the Kurdistan Region of Iraq (KRI) will meet today to ratify the distribution of the February wage list.

According to a Ministry source who spoke with Agency, the council wants to fix a 300 billion dinar salary imbalance by collecting local taxes and then declaring salary allocations for various ministries.

According to the source, the future distribution would be based on the January salary list, with payments likely to be handled within one week.

In a momentous milestone, the Iraqi Ministry of Finance recently approved the transfer of 568 billion Iraqi dinars to the Kurdistan Regional Government to cover salaries for the previous month of February.