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The KRG Treasury Contains Only 16% of the Needed Salary Funds

In the latest meeting of the Kurdistan Regional Government’s Council of Ministers, no agreement was reached regarding the salaries issue. The Ministry of Finance reported that the regional treasury currently contains only 16% of the total funds required for public sector salaries. Prime Minister Masrour Barzani expressed optimism about an upcoming visit by an Iraqi delegation to help resolve the salary crisis. The KRG Council of Ministers convened today and discussed the issue of paying public sector salaries. Awat Sheikh Janab, the KRG Minister of Finance, presented a financial report and stated that the Region needs 820 billion dinars to distribute salaries, while the treasury currently holds only 160 billion dinars. This means that the monthly salary requirement in the Region is 980 billion dinars, and the available funds only cover 16% of it — leaving an 84% shortfall. As a result, the Council of Ministers did not issue any decision regarding the salaries and emphasized that all efforts must be directed toward reaching an agreement with Baghdad. During the meeting, Masrour Barzani stated that he had held talks with Iraqi Prime Minister Mohammed Shia' Al Sudani and the Head of the Supreme Judicial Council, Faiq Zaidan, and decided to send a high-level delegation within the next couple of days to negotiate a solution for the salary issue. In a press conference following the meeting, Prime Minister Barzani declared: “If we fail to reach an agreement with Baghdad regarding the salaries, whatever resources we have within the Kurdistan Region will be used — through reducing expenditures in every possible way — to ensure the public is not left without support. If we are unable to fully provide the salary rights in time and as needed, we will certainly do our best within our capacity to distribute what we can.” He also stated that there had been an intention to resume salary payments even through partial disbursement, depending on the revenues available to the KRG. If no agreement is reached with Baghdad, the Region will rely on partial salary distribution according to its own revenue capacity. Revenue Sources of the Kurdistan Region (as per the Iraqi Ministry of Finance report): Oil revenues for the first four months of 2025 amounted to 1 trillion and 166 billion dinars, averaging 300 billion dinars per month. Oil revenues for the first four months of 2025 amounted to 1 trillion and 568 billion dinars, averaging 390 billion dinars per month. Baghdad funds: Not received Coalition funds: 20 billion dinars

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US Playing Taiwan Card to Contain China

  Mr. Liu Jun, the Consul General of the People's Republic of China: In recent years, some people in the US have backtracked to make a fuss about UNGA Resolution 2758, claiming that the resolution did not address Taiwan’s political status. But the so-called undetermined status of Taiwan is nothing more than a revival of the “one China, one Taiwan” narrative from 1971. Behind this is the US hegemonic mindset and Cold War thinking that sees China as the US’ primary strategic rival and severest long-term challenge. In light of this, the US is trying to contain and suppress China by playing the “Taiwan card.” Q: What is United Nations General Assembly Resolution 2758? A: During the 26th UNGA Session in 1971, Albania, Algeria, and 21 other countries submitted the draft resolution to restore the lawful rights of the People’s Republic of China in the U.N. and to expel forthwith the representatives of the Chiang Kai-shek clique from the U.N. and all the organization related to it. This resolution, adopted with an overwhelming majority, was UNGA Resolution 2758. The full text of the resolution reads as follows:  The General Assembly, Recalling the principles of the Charter of the United Nations, Considering that the restoration of the lawful rights of the People’s Republic of China is essential both for the protection of the Charter of the United Nations and for the cause that the United Nations must serve under the Charter, Recognizing that the representatives of the Government of the People’s Republic of China are the only lawful representatives of China to the United Nations and that the People’s Republic of China is one of the five permanent members of the Security Council, Decide to restore all its rights to the People’s Republic of China and to recognize the representatives of its Government as the only legitimate representatives of China to the United Nations, and to expel forthwith the representatives of Chiang Kai-shek from the place which they unlawfully occupy at the United Nations and in all the organizations related to it. This resolution carries extensive and authoritative legal force, guiding and obligating all countries and international organizations to handle Taiwan-related issues in accordance with the one-China principle. Q: Why did the United Nations General Assembly adopt Resolution 2758 in 1971?  A: The United Nations was founded in 1945, with China as a founding member and one of the five permanent members of the UN Security Council. In 1949, the government of the People’s Republic of China was established, replacing the government of the Republic of China as the sole legal government representing the whole of China. It was a change of government without changing China as a subject of international law. China’s sovereignty and inherent territorial boundaries did not change. Rightfully, the government of the People’s Republic of China fully enjoys and exercises China’s sovereignty, including that over Taiwan. Within the UN system, it was only natural for the government of the People’s Republic of China to appoint representatives to participate in the work of the UN General Assembly and its related organs, expelling representatives of the Taiwan authorities that could no longer represent the Chinese people. However, due to interference from the government of the United States, China’s UN seat was illegally occupied by the authorities in Taiwan for a long time. After the founding of the People’s Republic of China, the Chinese government and the Chinese people engaged in a resolute struggle to restore their legitimate seat at the UN, garnering increasing support from a growing number of peace-loving and justice-upholding nations. In the 1960s, with the rise of China’s international status and the continuous entry of many newly independent countries in Asia, Africa and Latin America into the UN, the US found it increasingly difficult to obstruct the People’s Republic of China from reclaiming its rightful seat at the UN. As the saying goes: “A just cause enjoys abundant support while an unjust cause finds little.” On October 25, 1971, the 26th session of the UN General Assembly passed Resolution 2758 by an overwhelming majority: 76 votes for, 35 against and 17 abstentions. The resolution decided to restore all the rights of the People’s Republic of China at the UN, recognize the representatives of the government of the People’s Republic of China as the sole legitimate representatives of China at the UN, and return the representation and seat of all of China, including Taiwan, to the government of the People’s Republic of China. For the Chinese people, this was a belated justice, completely resolving the representation question of all of China, including Taiwan, at the UN. Q: What is the historical significance of UNGA Resolution 2758? A: The historical significance of the United Nations General Assembly Resolution 2758 lies in it being the result of the collective efforts of all countries that love peace and uphold justice worldwide. It signified that the Chinese people, who account for a quarter of the world’s population, had returned to the stage of the UN, making the UN truly the most universal, representative and authoritative intergovernmental international organization. This is a victory for the Chinese people and for the people of the world, carrying significant meaning and profound impact for both China and the world. The restoration of its legitimate seat in the UN opened a new chapter of cooperation between China and the UN. For over 50 years, the People’s Republic of China has consistently upheld and fulfilled its  responsibilities and missions as a permanent member of the UN Security Council, defended the UN Charter and principles, safeguarded the authority and status of the UN, supported the UN in playing a central role in international affairs, practiced multilateralism, and deepened cooperation with the UN. It has made significant contributions to upholding international fairness and justice, promoting world peace and development, strengthening friendly cooperation among countries, and advancing the cause of human progress. Q: What is the relationship between UNGA Resolution 2758 and the One-China Principle?   The core meaning of the one-China principle includes three aspects: there is but one China in the world, the Taiwan region is an inalienable part of China’s territory, and the Government of the People’s Republic of China is the sole legal government representing the whole of China.   The one-China principle is the premise and political foundation of UNGA Resolution 2758, while the resolution solemnly confirms and fully embodies the one-China principle. The resolution makes it clear that there is but one China in the world and that the Taiwan region is part of China, not a country. It affirms that China has one single seat in the U.N., and the Government of the People’s Republic of China is the only legitimate representative of the whole of China, including Taiwan region. There is no such thing as “two Chinas” or “one China, one Taiwan.” After the adoption of Resolution 2758, all official U.N. Documents referred to Taiwan as “Taiwan, Province of China”. It was clearly stated that in the official legal opinions of Legal Affairs of U.N. Secretariat that “the United Nations considers ‘Taiwan’ as a province of China with no separate status” and the “‘authorities’ in ‘Taipei’ are not considered to ... enjoy any form of government status.” This has been the consistent position of the U.N. And is clearly documented.   The adoption of Resolution 2758 had a wide-reaching and profound political impact on the practice of international relations. It effectively made the one-China principle a basic norm of international relations and a prevailing consensus in the international community. To date, 183 countries have established and developed diplomatic relations with China on the basis of the One-China principle. Q: What is the relationship between UNGA Resolution 2758 and international legal documents such as the Cairo Declaration and the Potsdam Proclamation? A: In term of affirming the one-China principle, UNGA Resolution 2758 is consistent with the spirit of international legal documents such as the Cairo Declaration and the Potsdam Proclamation, and other international legal instruments. On December 1, 1943, the governments of China, the United States, and the United Kingdom issued the Cairo Declaration, stating that it is their purpose to have all territories Japan has stolen from China, such as Northeast China, Taiwan and the Penghu Islands, restored to China. On July 26, 1945,  the Potsdam Proclamation, signed by the same three countries and subsequently jointed by the the Soviet Union, reiterated that  “the terms of the Cairo Declaration shall be carried out.” In September 1945, Japan signed the Japanese Instrument of Surrender, pledging to “carry out the provisions of the Potsdam Proclamation in good faith.” These international legal documents including the Cairo Declaration, the Potsdam Proclamation, and the Japanese Instrument of Surrender all confirmed China’s sovereignty over the Taiwan region. These documents are the great achievements of the World Anti-Fascist War and serve as the legal cornerstone of the post-war international order. Q: The terms of “Republic of China” and “Taiwan” did not appear in UNGA Resolution 2758. Does it mean the resolution has nothing to do with Taiwan?   A: The “government of the Republic of China” was an overthrown regime and hence no longer the legitimate government of China. It could not represent China, a sovereign state, in the international community. Therefore, the term “representatives of the government of the Republic of China” must not be used in UNGA Resolution 2758 adopted in 1971. The U.N. is an international organization of sovereign states, and accepts only representatives from such states. Since Taiwan is part of China, not a sovereign state. The U.N. Charter does not allow representatives in the name of Taiwan to be sent to the U.N. Thus, the phrase “expelling the representatives of Chiang Kai-shek” instead. This is a precise and accurate legal wording.   Q: Why is it groundless to argue that UNGA Resolution 2758 “has nothing to do with Taiwan”? A: Taiwan has been Chinese territory since ancient times. The history in China, which encompasses 10,000 years of culture, and more than 5,000 years of civilization, records that our ancestors moved to Taiwan to live and thrive; that our compatriots on both sides of the Taiwan Strait jointly resisted foreign aggression and regained Taiwan; and that the compatriots from both sides are working together for national rejuvenation.  Due to the defeat in the First Sino-Japanese War in 1895, the government of the Qing Dynasty (1644-1911) was forced to cede the island of Taiwan and the Penghu Islands to Japan. Taiwan was occupied by foreign forces for half a century. The 1943 Cairo Declaration and the 1945 Potsdam Proclamation clearly stipulated that the Chinese territory stolen by Japan, including Taiwan and the Penghu Islands, should be returned to China. On Sept 2, 1945, Japan signed the Instrument of Surrender, and pledged to faithfully fulfill the obligations enshrined in the provisions of the Potsdam Proclamation. On Oct 25, the Chinese government announced that it was resuming the exercise of sovereignty over Taiwan, and the ceremony to accept Japan’s surrender in Taiwan province of the China war theater of the Allied powers was held in Taipei. From that point forward, China had recovered Taiwan de jure and de facto through a host of documents with international legal effect. Taiwan does not have any other international legal status apart from being a part of China. The UNGA Resolution 2758, passed in 1971, based on the fact that China is a complete country and Taiwan is part of China, resolved the question of who is the legitimate representative of China. The Resolution explicitly declared “to expel forthwith the representatives of Chiang Kai-shek from the place which they unlawfully occupy at the United Nations and in all the organizations related to it.” Chiang Kai-shek was the leader of the Taiwan authorities at that time, and the “representatives of Chiang Kai-shek” referred to the representatives of the Taiwan authorities. During the discussions that led to UNGA Resolution 2758, the United States had teamed up with a few countries to try to create “two Chinas” or “one China, one Taiwan,” and to push through a “dual representation” proposal. Many countries stepped forward, voicing their clear opposition and stressing that the proposal was “illegal and inconsistent with reality, justice and the principles of the UN Charter”. In the end, the proposal failed to make it to a vote and was discarded. The “representative of Chiang Kai-shek” also acknowledged, “Other countries have always emphasized that Taiwan is part of China’s territory, I couldn’t agree more”, and “The people of Taiwan are Chinese in terms of race, history and culture.” From the text and discussions of UNGA Resolution 2758, it is evident that both the recognition of the representatives of the People’s Republic of China government and the expulsion of the “representatives of Chiang Kai-shek” were carried out within the framework of one China simultaneously. Some forces clamoring that the Resolution “has nothing to do with Taiwan” are baseless; this is either due to historical ignorance or ulterior motives. Q: Resolution 2758 recognizes that “ the representatives of the Government of the People’s Republic of China are the only lawful representatives of China to the United Nations.”  what does “the only lawful” mean?   A: According to the international law, a sovereign state can only be represented by a single central government. The resolution makes it clear that there is only one seat for China in the U.N., namely, the People’s Republic of China, and that there is only one China in the world, so there is no such thing as “two Chinas” or “one China, one Taiwan.” The government of the People’s Republic of China naturally enjoys and exercises full sovereignty over China, including sovereignty over Taiwan.   Q: Why does challenging UNGA Resolution 2758 amount to a challenge to the post-World War II international order and the authority of U.N.?   A: Resolution 2758 clearly states that “Recalling the principles of the Charter of the United Nations,” “the restoration of the lawful rights of the People’s Republic of China is essential both for the protection of the Charter of the United Nations and for the cause that the United Nations must serve under the Charter.” This reflects the resolution’s clear position on upholding the authority of the United Nations. The United Nations is at the center of the post-World War II international order. The restoration of the People’s Republic of China’s lawful seat of in the U.N. marked the return of the Chinese people, or one-forth of the world’s population, back to the stage of the U.N. This is of great,far-reaching significance both to China and the world. Any attempt to challenge Resolution 2758 constitutes not only a challenge to China’s sovereignty and territorial integrity, but also a challenge to the authority of the U.N. as well as the post-World War II international order. Flagrantly reversing the course of history is absurd and highly dangerous. Q: Why are some people in the United States attempting to maliciously politicize UNGA Resolution 2758? A: The United States, as a signatory to the Cairo Declaration and the Potsdam Proclamation, is fully aware of the historical and legal fact that Taiwan is part of China. The one-China principle forms the political foundation of Sino-US relations. The US made serious commitments on the Taiwan question in the three joint communiqués it signed with China. The US side clearly stated that the US Government recognizes the Government of the People’s Republic of China as the sole legal Government of China, and acknowledges the Chinese position that there is but one China and Taiwan is part of China. This political commitment forms the political foundation for Sino-US relations, represents the essence of the US’ one-China policy and is fully aligned with the spirit of Resolution 2758. Since then, every US administration has made clear commitments on the Taiwan question, acknowledging that adhering to Resolution 2758 is an obligation the US must fulfill as a member of the United Nations. In recent years, some people in the US have backtracked to make a fuss about UNGA Resolution 2758, claiming that the resolution did not address Taiwan’s political status. But the so-called undetermined status of Taiwan is nothing more than a revival of the “one China, one Taiwan” narrative from 1971. Behind this is the US hegemonic mindset and Cold War thinking that sees China as the US’ primary strategic rival and severest long-term challenge. In light of this, the US is trying to contain and suppress China by playing the “Taiwan card.” Challenging Resolution 2758 disregards historical and legal facts and contradicts the serious political commitments made by successive US administrations in the three Sino-US joint communiqués. This exposes some US forces’ double-standard and hegemonic practice of using international law and basic international relations principles when they suit it, and discarding them when they are inconvenient. The era of hegemony and force dominating international relations is long gone. Playing the “Taiwan card” and trying to use Taiwan as a pawn to suppress China run counter to the underlying global trends and will inevitably fail.  

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Kurdistan Islamic Union Decides Election List Leaders

The Kurdistan Islamic Union has decided on the heads of its candidate lists for the upcoming Iraqi parliamentary elections, scheduled for November 11, 2025. Osama Jamil, former Iraqi MP, will lead the list in Erbil Dr. Musenna Amin, current MP, will lead the list in Sulaymaniyah Dr. Jamal Kocher, current MP, will lead the list in Duhok In the previous Iraqi parliamentary elections, the Kurdistan Islamic Union received 108,010 votes, securing four seats: Two in Sulaymaniyah Two in Duhok In the sixth term of the Kurdistan Parliament elections, the party secured seven seats, receiving a total of 117,444 votes, broken down as follows: Erbil: 24,178 votes – 1 seat Sulaymaniyah: 42,847 votes – 2 seats Duhok: 42,687 votes – 2 seats Halabja: 7,847 votes – 1 seat  

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Why Does Iran Threaten to Close the Strait of Hormuz?

📍 Geopolitical Importance of the Strait of Hormuz: The Strait of Hormuz links the Arabian Gulf to the Gulf of Oman, and from there to the Indian Ocean. Around 19% of international oil needs and 11.1% of global maritime trade pass through it. On average, 20 million barrels of oil per day are transported via this narrow strait, making it one of the most critical oil and gas transit routes in the world. Roughly 20 to 30 oil tankers cross it daily—one every 6 minutes. Any disruption here immediately affects global oil prices. 🔥 Iran’s Threats to Close the Strait: Iran has repeatedly threatened to shut the Strait of Hormuz as a strategic retaliation tool. For example: In 1983, Akbar Hashemi Rafsanjani (senior Iranian leader) said Iran could turn the strait into a "wall of fire" using artillery and even close it with Kalashnikov rifles if necessary. In 2018, then-President Hassan Rouhani warned the U.S. that blocking Iranian oil exports would mean no oil could pass through the strait at all. On June 14, 2025, after Israeli airstrikes on Iran, General Ismail Kowsari of the Revolutionary Guard stated that Iran is considering closing the Strait as part of its response options. Iran views the strait as a pressure point: if its oil exports are blocked, it can threaten global energy stability in response. 🌐 Why the Strait of Hormuz Matters Globally: It's the main export route for oil from countries like Iran, Saudi Arabia, the UAE, Kuwait, and Iraq. It’s also the main path for Qatari natural gas, making it vital for Asian and European markets. The strait is only 50 km wide, with a navigable channel just 10.5 km wide, which makes it easy to block militarily. ⚓ Comparison with Other Major Global Maritime Routes: Here we compare Hormuz with other strategic waterways: Malacca Strait (16% of global oil trade; major route for Asian economies). Suez Canal (6% of global oil trade; 12% of maritime trade). Bab el-Mandeb (connects the Red Sea to the Arabian Sea; 10% of trade). Danish Straits (3% oil, 3.9% global trade). Bosporus Strait (2% oil, 3.1% trade; key route for Russian exports). Panama Canal (1% oil, 3% trade). In 2023, these seven routes carried 6.5 billion tons of goods worth over $8 trillion, showing their economic significance. 📌 Conclusion: Iran threatens to close the Strait of Hormuz as a bargaining chip—to deter pressure, sanctions, or military aggression, especially from the U.S. or Israel. Shutting the strait would cripple global oil supplies and escalate geopolitical tensions. Despite the severity of the threat, Iran uses it strategically rather than practically, aware of its regional and international consequences, which would be immense.

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PUK Political Bureau Approves Internal Changes

On June 16, 2025, the Political Bureau of the Patriotic Union of Kurdistan (PUK) approved several leadership changes within the party: Samir Hawrami appointed as Head of the Government Board and Elected Councils of the PUK Faisal Karim Khan appointed as Head of the PUK Social Board Faryal Abdullah appointed as Head of the Board of Organizations of the PUK Rabiha Hamad appointed as Head of the PUK Martyrs Board Ziad Jabar appointed as Head of the PUK Organizing Board Sarkawt Zaki appointed as Head of the Sulaimani and Chamchamal Organization Headquarters; Sarkawt Hassan removed from Head of the Chamchamal Headquarters Burhan Saeed Sofi appointed as Head of the Peshmerga and Interior Organization Bureau Raber Sayed Braim appointed as Head of the Board of Tekosheran Sheikh Shamal appointed as Head of the Foreign Relations Board Azhi Abdulqadir appointed as Head of the Youth Board These changes reflect the PUK’s efforts to reorganize its internal leadership structure.

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Iraq's Total Revenues and Expenditures, 2023–2024

Total Revenues and Expenditures of Iraq Between 2023 and 2024 Based on data from the Iraqi Ministry of Finance: 🔹 Total Revenue: In 2023: 135.681 trillion IQD, with a 3.8% increase, reaching 140.774 trillion IQD in 2024. 🔹 Oil Revenue: In 2023: 125.882 trillion IQD, with a 1.3% increase, reaching 127.536 trillion IQD in 2024. Non-oil Revenue: rose from 9.799 trillion IQD to 13.237 trillion IQD, marking a 35% growth. 🔹 Total Expenditures: In 2023: 142.435 trillion IQD, increased by 5.7% to 150.527 trillion IQD in 2024. 🔹 Operating Expenditures: In 2023: 118.242 trillion IQD, increased by 5.9% to 125.214 trillion IQD in 2024. Investment Expenditures: increased from 24.193 trillion IQD to 25.313 trillion IQD, a 4.6% rise. 🔹 Budget Deficit: In 2023: 6.754 trillion IQD, rose by 44.4% to 9.753 trillion IQD in 2024. 1. Iraq’s General Revenue (2023–2024) The Ministry of Finance publishes monthly reports on Iraq's general revenue and expenditures. The most recent annual report was released in early June 2025: 2023 Revenue: 135.681 trillion IQD 2024 Revenue: 140.774 trillion IQD, a 3.8% or 5.092 trillion IQD increase Main sources of revenue: Oil revenue: 2023: 125.882 trillion IQD 2024: 127.536 trillion IQD, increase of 1.654 trillion IQD or 1.3% Non-oil revenue: 2023: 9.799 trillion IQD 2024: 13.237 trillion IQD, increase of 3.438 trillion IQD or 35.1% 2. Iraq’s General Expenditures (2023–2024) 2023 Expenditures: 142.435 trillion IQD 2024 Expenditures: 150.527 trillion IQD, increase of 8.091 trillion IQD or 5.7% Divided into two main sectors: Operational (Running) Costs: 2023: 118.242 trillion IQD 2024: 125.214 trillion IQD, up by 6.971 trillion IQD or 5.9% Investment Spending: 2023: 24.193 trillion IQD 2024: 25.313 trillion IQD, up by 1.120 trillion IQD or 4.6% 3. Budget Deficit Comparison (2023–2024) 2023 Deficit: 6.754 trillion IQD 2024 Deficit: 9.753 trillion IQD Increase of 2.999 trillion IQD or 44.4% 4. Investment Sector Spending (2023–2024) Investment spending grew by 4.6%, from 24.193 trillion IQD to 25.313 trillion IQD. Breakdown by sectors: Agriculture: 2023: 488 billion IQD 2024: 224 billion IQD, 54% decrease Industry: 2023: 11.789 trillion IQD 2024: 13.740 trillion IQD, 16.5% increase Transport & Communication: 2023: 3.126 trillion IQD 2024: 3.003 trillion IQD, 4% decrease Roads & Public Services: 2023: 7.379 trillion IQD 2024: 7.034 trillion IQD, 4.7% decrease Education: 2023: 1.411 trillion IQD 2024: 1.313 trillion IQD, 7% decrease 5. Spending by Iraq’s Three Presidencies (2023–2024) Total expenditures by the three presidencies increased by 4.5%, from 10.870 trillion IQD in 2023 to 11.361 trillion IQD in 2024. Breakdown: Council of Representatives (Parliament): 2023: 582 billion IQD 2024: 612 billion IQD, 5.2% increase Presidency of the Republic: 2023: 71.958 billion IQD 2024: 69.375 billion IQD, 3.6% decrease Council of Ministers: 2023: 10.216 trillion IQD 2024: 10.679 trillion IQD, 4.5% increase

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Iraq's Revenue and Expenditure in 2024

🔻 Following the end of the first half of 2025, the Iraqi Ministry of Finance released its final report for the year 2024. According to the report: 🔹 Total revenues exceeded 140 trillion and 774 billion IQD, more than 127 trillion, 536 billion, and 400 million IQD of which (91%) came from oil revenues. In contrast, 9% — over 13 trillion, 237 billion, and 705 million IQD — came from non-oil sources. 🔹 Total expenditures surpassed 150 trillion and 527 billion IQD, with more than 125 trillion and 214 billion IQD (83%) allocated to operational spending, and 17% — over 25 trillion, 313 billion, and 302 million IQD — directed toward investment spending. 🔹 Based on these figures, the federal budget experienced a deficit of 7%, totaling over 9 trillion and 753 billion IQD. 🔹 According to the report, over 60 trillion and 53 billion IQD was spent on public sector salaries, accounting for 40% of Iraq’s total revenue. 🔹 The amount of money allocated to the Kurdistan Regional Government and social welfare programs exceeded 10 trillion and 786 billion IQD, which represents 7% of Iraq’s total government spending for 2024.

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How much does the Kurdistan Region owe Baghdad, and how much does Baghdad owe the Kurdistan Region?

🔻Based on reports from: Iraq’s Ministry of Finance Kurdistan Region’s Ministry of Finance Iraq’s Federal Board of Supreme Audit Kurdistan Region’s Board of Audit For the period (2023 - 2024 - first four months of 2025): 🔹 Oil revenues of the Kurdistan Region: 10 trillion 983 billion IQD 🔹 Non-oil revenues of the Kurdistan Region: 10 trillion 522 billion IQD 🔹 Total funds received from Baghdad: 18 trillion 107 billion IQD 🔹 Total actual expenditures of the Kurdistan Region (2023-2024-April 2025): 27 trillion 177 billion IQD 🔹 The Kurdistan Regional Government (KRG) has missed 5 months of salary payments during this period. Ministry and Audit Reports: The Iraqi Ministry of Finance, in a letter dated 28/5/2025, refers to audit documents from the Federal Board of Supreme Audit (dated 9/4/2025 and 25/5/2025), confirming oil and non-oil revenues of the Kurdistan Region, validated by both the federal and regional audit boards. An amount of 199 billion, 364 million, and 211 thousand IQD had been transferred to the federal treasury by April 2025, as per Article 13/First/A of the Federal Budget Law No. 13 (2023–2025). According to audit reports from both Iraq and the Kurdistan Region, here are the detailed figures: 1. Oil Revenues of the Kurdistan Region: 2023: 4 trillion 708 billion 587 million 855 thousand IQD 2024: 4 trillion 706 billion 430 million 390 thousand IQD First 4 months of 2025: 1 trillion 568 billion 810 million 130 thousand IQD Total (2023–April 2025): 10 trillion 983 billion 828 million 375 thousand IQD ⚠️ None of this amount was returned to the central government’s treasury. 2. Non-Oil Revenues of the Kurdistan Region: 2023: 4 trillion 656 billion 554 million 483 thousand IQD 2024: 4 trillion 700 billion 9 million 926 thousand IQD First 4 months of 2025: 1 trillion 166 billion 125 million 957 thousand IQD Total (2023–April 2025): 10 trillion 522 billion 690 million 366 thousand IQD 3. Total Funds Received from Baghdad: 2023: 3 trillion 98 billion IQD 2024: 10 trillion 786 billion IQD First 4 months of 2025: 4 trillion 223 billion IQD Total (2023–April 2025): 18 trillion 107 billion IQD 4. Total Revenue Available to the KRG (2023–2025): Oil Revenues: 10 trillion 983 billion IQD Non-Oil Revenues: 10 trillion 522 billion IQD Transfers from Baghdad: 18 trillion 107 billion IQD Total Revenue: 39 trillion 612 billion IQD 5. KRG’s Share of Federal Expenditure (2023–2025): 2023: 10 trillion 567 billion 893 million IQD 2024: 12 trillion 167 billion 876 million IQD First 4 months of 2025: 4 trillion 443 billion IQD Total (2023–April 2025): 27 trillion 178 billion IQD 6. KRG’s Allocated Share vs. Received Funds: Total allocated share (2023–April 2025): 27 trillion 177 billion IQD Total received from Baghdad: 18 trillion 107 billion IQD Remaining unpaid share: 9 trillion 70 billion IQD

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Kurdistan Region’s Financial Records (2023 to April 2025)

Summary: According to multiple official documents from the Iraqi government detailing the Kurdistan Region’s accounts from 2023 to April 2025, the Region's total revenues exceeded 41 trillion 516 billion 842 million IQD, while its allocated share under the Federal Budget Law was approximately 26 trillion 400 billion IQD. This means that approximately 16 trillion 511 billion IQD remains unaccounted for by the KRG. Breakdown: Oil revenues: over 6 trillion 275 billion 240 million IQD Non-oil revenues: 10 trillion 522 billion 690 million IQD Loans from commercial and state banks: 2 trillion 607 billion IQD Funding from the federal government: over 18 trillion 1 billion 838 million IQD The Region returned 598 billion 515 million IQD to the federal government Q1 2025 Financial Summary: From January to April 2025, the KRG received $2.264 billion from its designated budget share. However, oil revenue contributions to the federal treasury were less than 15%, and the KRG did not remit any oil revenues to Baghdad. Total revenues in this period: over 6 trillion 653 billion 75 million IQD Refund to federal government: around 200 billion IQD Budget allocation: over 3 trillion 664 billion IQD Remaining with KRG: approx. 2 trillion 999 billion IQD Breakdown: Oil revenues: 1 trillion 568 billion 810 million IQD Non-oil revenues: 1 trillion 166 billion 126 million IQD Federal funding: over 4 trillion 117 billion 485 million IQD Refund to Baghdad: only 199 billion 346 million IQD 2024 Financial Summary: The KRG received $6.05 billion from its budget allocation. Oil revenue remitted to the federal treasury was below 10%, with no oil revenues transferred. Total revenues: over 20 trillion 164 billion 624 million IQD Refund to Baghdad: over 399 billion IQD Budget allocation: approx. 12 trillion 168 billion IQD Remaining with KRG: approx. 7 trillion 998 billion IQD Breakdown: Oil revenues: over 4 trillion 706 billion 430 million IQD Non-oil revenues: 4 trillion 700 billion 9 million IQD Commercial bank loan: 371 billion IQD Federal funding: over 10 trillion 786 billion 352 million IQD Refund to Baghdad: approx. 399 billion 169 million IQD 2023 Financial Summary: The KRG received $4.1 billion more than its allocated share. No oil or non-oil revenues were remitted to the federal treasury. Total revenues: approx. 14 trillion 700 billion IQD Budget allocation: approx. 10 trillion 568 billion IQD Remaining with KRG: over 5 trillion 525 billion 300 million IQD Breakdown: Oil revenues: over 4 trillion 708 billion 587 million IQD Non-oil revenues: approx. 4 trillion 656 billion 555 million IQD Government bank loans: 1 trillion 600 billion IQD Commercial bank loans: 636 billion IQD Federal transfers: approx. 3.1 trillion IQD via multiple decisions and decrees

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Oil and Non-Oil Revenues of the Kurdistan Region (2023–2025)

On May 28, 2025, the Iraqi Ministry of Finance issued letter No. 14502 to the representative of the Kurdistan Regional Government (KRG) in the Iraqi Council of Ministers regarding the May salary payments. Citing Federal Budget Law No. 13 (2023–2025) and Federal Supreme Court Decision No. 4/Federal/2025/203, the ministry stated that it cannot continue disbursing salaries due to the KRG’s revenue situation, as outlined in a report by the Financial Supervision Bureau. 1. Oil Revenues (2023–2024) The total oil revenue of the Kurdistan Region for 2023 and 2024 was estimated at 9 trillion 415 billion 18 million dinars. 2023: 4 trillion 708 billion 587 million 2024: 4 trillion 706 billion 430 million (Note: Oil revenue for 2025 was not included.) 2. Non-Oil Revenues (2023–2025) Non-oil revenue during the three-year period totaled 10 trillion 522 billion 690 million dinars, broken down as follows: 2023: 4 trillion 656 billion 554 million 2024: 4 trillion 700 billion 9 million 2025: 1 trillion 166 billion 125 million 3. Combined Revenues (2023–2025) The total oil and non-oil revenue over the three years reached 19 trillion 937 billion 708 million dinars. 2023: 9 trillion 365 billion 142 million 2024: 9 trillion 406 billion 440 million 2025: 1 trillion 166 billion 125 million 4. Revenue Returned to the Federal Government The KRG did not return any revenue to the federal government in 2023. However, for 2024 and 2025, it returned a combined 598 billion 515 million dinars: 2024: 399 billion 168 million 2025: 199 billion 346 million 5. Retained Revenue by the KRG The region retained 97% of the total revenue collected, amounting to 19 trillion 339 billion 193 million dinars over the three years: 2023: 9 trillion 365 billion 142 million 2024: 9 trillion 7 billion 271 million 2025: 966 billion 779 million

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Total Revenues of the Kurdistan Regional Government (2023–2024)

The Iraqi Ministry of Finance, based on the data of the Iraqi and the Kurdistan Region Board of Supreme Audit, has detailed the oil, non-oil revenues, loans, and financial transfers that were at the disposal of the Kurdistan Regional Government (KRG) in two tables: In 2023, Total revenues available to the KRG amounted to 14 trillion and 699 billion IQD. In 2024, Total revenues available to the KRG amounted to 20 trillion and 164 billion IQD. Total revenues for both years (2023–2024): 34 trillion and 863 billion IQD. Year 2023 Oil Revenues: 4 trillion, 708 billion, 587 million, 855 thousand IQD Non-Oil Revenues: 4 trillion, 656 billion, 554 million, 483 thousand IQD Total Oil + Non-Oil Revenues: 9 trillion, 365 billion, 142 million, 338 thousand IQD Loans from Iraqi State Banks: 1 trillion and 600 billion IQD Transfers from Baghdad: 3 trillion and 98 billion IQD Total (Oil, Non-Oil, Loans, Transfers): 14 trillion, 699 billion, 142 million IQD KRG’s Obligations (Expenses): 10 trillion, 567 billion, 893 million, 338 thousand IQD Remaining Amount with KRG: 4 trillion, 131 billion, 249 million, 213 thousand IQD Year 2024 Oil Revenues: 4 trillion, 706 billion, 430 million, 390 thousand IQD Non-Oil Revenues: 4 trillion, 700 billion, 9 million, 926 thousand IQD Total Oil + Non-Oil Revenues: 9 trillion, 406 billion, 440 million, 316 thousand IQD Transfers from Baghdad: 10 trillion, 786 billion, 352 million, 903 thousand IQD Total (Oil, Non-Oil, Loans, Transfers): 20 trillion, 164 billion, 624 million, 258 thousand IQD KRG’s Obligations (Expenses): 12 trillion, 167 billion, 875 million, 969 thousand IQD Remaining Amount with KRG: 7 trillion, 996 billion, 748 million, 289 thousand IQD

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KRG Pushes to Resume Oil Exports Through Turkey

The Kurdistan Regional Government (KRG) is urging Baghdad to approve the restart of crude oil exports through Turkey’s Ceyhan port. Since March 2023, exports of around 450,000 barrels per day have been halted after the International Chamber of Commerce ruled that Turkey must stop transporting oil via the Kirkuk–Ceyhan pipeline without Baghdad’s approval. At an energy conference in Washington, Amanj Rahim, Secretary of the KRG Council of Ministers, explained that the Region has had to sell oil domestically at lower prices due to the suspension. He also defended the KRG’s energy contracts with U.S. companies as constitutional and upheld by Baghdad’s Karkh Court. Rahim expressed hope for a resolution that would resume exports and enhance Iraq’s energy stability.

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HKN Energy and ONEX Group Launch Miran Energy to Develop Major Gas Field in Kurdistan

U.S.-based HKN Energy and ONEX Group have formed a joint venture, Miran Energy, after signing a binding term sheet with the Kurdistan Regional Government (KRG) to develop the Miran Gas Field in the Kurdistan Region of Iraq. The Miran Gas Field is estimated to hold 8 trillion standard cubic feet (scf) of recoverable natural gas. The phased development could generate over $40 billion in long-term value. Gas production will prioritize domestic supply, bolstering regional energy needs and long-term economic growth. The project reflects deepening U.S.-KRG cooperation and supports Kurdistan’s energy security. Russell Freeman, CEO of HKN Energy, emphasized the strategic importance of the project and the responsible approach to its development.  

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WesternZagros Secures Topkhana Block, Paving the Way for Energy Security and Prosperity in Kurdistan

Erbil, Kurdistan Region – WesternZagros, a U.S.-based privately owned exploration and production company operating in the Kurdistan Region of Iraq, proudly announces its successful acquisition of the resource-rich Topkhana Block—an important milestone in the Region’s path toward greater energy independence and economic transformation. This strategic agreement marks a significant step forward in the Kurdistan Regional Government’s (KRG) efforts to bolster energy security and expand access to reliable electricity for millions of citizens. It aligns closely with the KRG’s long-term development vision and energy infrastructure plans. The combined Topkhana-Kurdamir area—now under WesternZagros’s development portfolio—holds an estimated 5 trillion standard cubic feet of natural gas and 900 million barrels of recoverable crude oil, positioning it as one of the most valuable energy assets in the Region. Developed through a phased approach, the project is expected to generate approximately $70 billion in revenue over its lifetime. “The development of the Topkhana Block, together with our adjacent Kurdamir Block, represents a transformative opportunity,” said Toufic Chahine, Chairman of WesternZagros. “This initiative will play a pivotal role in securing around-the-clock electricity access across the Kurdistan Region and, over time, contribute to broader energy stability across Iraq and the region.” This acquisition not only strengthens the Region’s energy resilience but also highlights the value of international partnerships. It serves as a model for effective collaboration between American energy companies and the KRG, supported by the United States Government. “We are honored to continue our partnership with the Kurdistan Regional Government under the leadership of Prime Minister Barzani,” Chahine added. “Together, we are laying the foundation for a brighter, more energy-secure future for the Region.”  

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Dana Gas made a net profit of $43m in first quarter of 2025

The Emirati giant Dana Gas, operating the Kurdistan Region’s Khor Mor Gas Plant, stated Thursday that it generated $43 million in net profit for the first quarter of 2025, a 13 percent increase compared to the same timeframe last year. Dana Gas reports "a net profit of AED 158 million ($43mm) for Q1 2025, a 13% increase compared to AED 140 million ($38mm) in the same period last year, despite lower oil prices,” the company said in a statement. It attributed the increase to “stronger gas prices in Egypt following the Consolidation Concession Agreement, lower depreciation, depletion, and amortization (DDA) charges, along with reduced finance costs." The Emirati giant noted that revenue for the quarter of 2025 stood at $91 million, six million dollars lower compared to the first three months of 2024. "The year-on-year decline was primarily due to lower production in Egypt, coupled with lower realized hydrocarbon prices; however, this was partially offset by improved gas pricing in Egypt and higher condensate price realization in the Kurdistan Region of Iraq (KRI),” the statement explained. The UAE-based company has played a pivotal role in the production of the Kurdistan Region’s natural gas since 2007. The Khor Mor gas field is a major fuel source for electricity generation plants in the Region, with production currently at 525 million standard cubic feet of natural gas per day. "Production in the KRI remained strong in the first quarter of 2025. In early March, Dana Gas and its partner Crescent Petroleum announced that cumulative production from the Khor Mor field had reached 500 million barrels of oil equivalent, reflecting the strength and consistency of operations since 2008,” Dana Gas reported. It stated that daily gas production at Khor Mor "reached 525 million standard cubic feet, marking a 75% increase since 2017. The field continues to support over 75% of the Kurdistan Region’s power generation needs.” Dana Gas reports that it has invested $3.5 billion to date at Khor Mor, with operations having created "more than 20,000 direct and indirect job opportunities in the region.” Dana Gas plans to increase gas production by 50 percent in the Kurdistan Region next year. With the completion of the one-billion-dollar KM250 project, an expansion of the Khor Mor field expected by the first quarter of 2026, daily production will reach nearly one billion standard cubic feet of gas per day, enough to equip the Kurdistan Region to provide 24-hour electricity. The KM250 will also "significantly boost Dana Gas’s financial performance and cash flow,” the company states.

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