alan131210 wrote:
28/11/2011 11:52
ERBIL, Nov. 28 (AKnews) - Kurdistan Region's share of the federal budget in 2012 will hit $22 billion USD (26,500 billion IQD). According to a member of the Iraqi Council of Representatives this cash bonanza will be too tempting for Kurdish leaders and will preclude Kurds seeking independence.
Aziz al-Mayahi, member of the Iraqi parliament's Economy and Investment Committee, told the semi-official Sabah Daily that Kurdistan Region will benefit from Iraq's growing wealth and will not want to miss out on its 17% share of the federal budget, almost all of which comes from oil export revenues.
The Region's 2011 share mounted to about $12 billion USD (14,000 billion IQD).
Kurdish leaders have on several occasions stressed that self-determination is a national right for the Kurds and they have chosen to stick with Iraq of their own free will.
The perpetual division between Erbil and Baghdad over the long-awaited hydrocarbon law has its roots in Kurdish independence. The Oil and Gas Law would set down who gets to agree contracts with foreign companies and who profits from the subterranean bounty they produce.
Baghdad wants to maintain a centralized grip on the contracts and income, Erbil wants autonomy to agree deals concerned with its own hydrocarbon reserves. Analysts say Baghdad fears the wealth and therefore economic independence Kurdistan Region would gain if its wishes were fulfilled.
By tying the semi-autonomous northern region with the promise of their one sixth budget share, Baghdad hopes to keep them part of the union. Halting any major oil deals north of the Kurdish border is a means of achieving this.
By Mohammed Abdul Rahman
AKNEWS
how do i understand this. they dont want to declare independence till beginning of 2012 or they will never declare independence cause they want money for the next years.














