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