هەواڵ
Iraq's revenues have declined significantly. During the first five months of 2026, total revenues fell by more than IQD 12 trillion, or nearly 27%, compared with the same period in 2025. Revenues dropped from IQD 46 trillion to approximately IQD 34 trillion.
بڵاوکراوەتەوە لە : 23 تەمموز 2026
قەبارەی دەقەکان
قەبارەی دەقەکان
According to data from the Iraqi Ministry of Finance covering the first five months of 2026 and 2025:
Revenues declined sharply. During the first five months of 2026, total revenues decreased by more than IQD 12 trillion, or nearly 27%, compared with the same period in 2025, falling from IQD 46 trillion to approximately IQD 34 trillion.
Total expenditures during the first five months of 2026 amounted to IQD 46.697 trillion. Expenditures declined by only IQD 282 billion, or about 0.6%, compared with the same period in 2025, indicating that overall government spending remained largely stable.
During the first five months of 2026, Iraq recorded a budget deficit of nearly IQD 13 trillion, with the deficit ratio reaching 38%. In comparison, during the same period in 2025, the deficit stood at only IQD 822 billion, representing 2%. In other words, the fiscal deficit increased by approximately 15 times.
May 2026 alone witnessed an exceptionally sharp decline in revenues, falling from IQD 9.5 trillion in May 2025 to approximately IQD 2.6 trillion in May 2026, representing a 73% decrease.
Total federal transfers to the Kurdistan Region during the first five months of 2026 amounted to IQD 5.158 trillion, compared with approximately IQD 5.167 trillion during the same period in 2025. This represents only a slight decline of 0.2%, indicating that transfers remained largely stable.
First: Iraq's Overall Revenues and Expenditures – Comparison of the First Five Months of 2026 and 2025
1. Overall Figures for the First Five Months (January 1 – May 31)
Total Revenues (Oil and Non-Oil)
First five months of 2026: IQD 33,747,032,644,273
First five months of 2025: IQD 46,157,110,408,761
Result: Total revenues declined substantially. Compared with the same period in 2025, revenues during the first five months of 2026 fell by IQD 12.41 trillion, representing a decline of approximately 26.88%.
Total Expenditures (Operating and Investment Spending)
First five months of 2026: IQD 46,697,085,367,879
First five months of 2025: IQD 46,979,256,244,693
Result: Total expenditures decreased by only IQD 282.17 billion, or approximately 0.6%, indicating that government spending remained relatively stable.
Fiscal Deficit
First five months of 2026: A fiscal deficit of IQD 12.95 trillion, with the deficit ratio reaching 38%.
First five months of 2025: A fiscal deficit of IQD 822.14 billion, with a deficit ratio of 2%.
Result: The fiscal deficit increased by more than 15 times, mainly because revenues declined sharply while expenditures remained nearly unchanged.
2. Data for May Only (May 2026 vs. May 2025)
Government Expenditures in May
May 2026: IQD 8.86 trillion
May 2025: IQD 9.34 trillion
Result: Expenditures decreased by approximately 5.2%.
Government Revenues in May
May 2026: IQD 2.58 trillion
May 2025: IQD 9.57 trillion
Result: Revenue in May 2026 fell dramatically from IQD 9.57 trillion to IQD 2.58 trillion, representing a 73% decline.
Monthly Budget Balance
May 2025: Budget surplus of IQD 223.7 billion, equivalent to 2%.
May 2026: Budget deficit of IQD 6.27 trillion, with the deficit reaching 243%.
For further details, see Tables and Charts (1–3).
Second: Federal Transfers to the Kurdistan Region in the First Five Months of 2026 and 2025
Total transfers during the first five months of 2026: IQD 5,158,019,504,397
Total transfers during the first five months of 2025: IQD 5,166,760,773,383
Result: Federal transfers to the Kurdistan Region during the first five months of 2026 decreased by approximately IQD 8.7 billion compared with the same period in 2025. This represents only a 0.2% decline, indicating a high degree of stability in the level of transfers between the two periods.
