Available revenues of the KRG are (761) billion dinars of the KRG share from Baghdad, (320) billion dinars domestic revenue, (20) billion dinars from the international coalition aid. The total amount is (1 trillion and 101 billion) dinars, that is (100) billion dinars more than the salary expenditure, which is (995) billion dinars. This is in addition to the oil revenue, which is mostly for the companies, monthly (360) million dollars, or (540) billion dinars.

On October 18, 2024, The Ministry of Finance of the Kurdistan Region has distributed the latest salaries (2024) which was for September salaries. As of December, the October and November salaries have not yet been distributed.

The Kurdistan Regional Government (KRG) currently needs (995) billion dinars monthly only for the salaries of employees.

The Iraqi government has sent the October salaries. The amount of (761 billion) dinars has been transferred to the Erbil branch of the Central Bank. However, the Kurdistan Regional Government officials have not accepted to receive the money and they believe that another (234) billion is needed to complete the salaries.

Kurdistan Regional Government (KRG) says Baghdad does not have any legal excuses, but Iraqi Prime Minister Mohammed Shia Sudani has said that the Kurdistan Regional Government (KRG) has not complied to handover customs duties with oil and non-oil revenues.

However, the KRG can cover the deficit with domestic revenue. Earlier, the finance minister said in a press conference that the monthly domestic revenue (320) billion dinars, which is more than the amount of the deficit. This is despite the oil revenues that do not return to the treasury of the Ministry of Finance of the Kurdistan Regional Government.

The KRG produces about 300,000 barrels of oil daily and sells a barrel for $35-41. The total daily oil revenue is $12 million and monthly is $360 million, or 540 billion dinars. Most of the revenue goes to companies and production costs.

Kurdistan Regional Government Revenues for October:

• (761) billion dinars from Baghdad

• (320) billion dinars of domestic revenue

• (20) billion dinars from the international coalition aid

• Total is: (1 trillion and 101 million) dinars

And (540) billion dinars oil revenue, most of which goes to companies