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

2025-06-02 10:29:30

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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