Anwar Karim

The total income of the Kurdistan Regional Government in March is (One billion and 291 million dollars). The Kurdistan Region has sold 12 million and 219 thousand barrels of oil through the Turkish Port of Jayhan in March. The average oil price for that month was 106 dollars and the region's oil revenues are (one billion and 291 million dollars). In which 723 million dollars for spending and (568 million) dollars left for the government.

summary

Non-oil income

• The region's non-oil revenues for March = (164 billion) dinars, which are spent on salaries.

• Coalition assistance for Peshmerga forces = (31 billion 500 million) dinars

• Region's share of Iraq's budget = (200 billion) dinars

Oil revenues (pipeline export)

• The Kurdistan Region exported 12 million and 219 thousand barrels of oil through the Turkish port of Jayhan in March 2022.

• The average price of Brent oil for March is $ 117.7

• Because the region sells its oil for $12 less than the world market, that means the KRG average oil price is $105.7.

So: (12 million and 219 thousand) barrels X (105.7) dollars = (1 billion, 291 million, 548 thousand and 300) dollars.

In dinars: (1 billion, 291 million, 548 thousand and 300) dollars X (1450) dinars = (1 trillion 872 billion, 745 million and 35 thousand) dinars.

• According to Deloitte's latest report, 56% of oil revenues will go to the production costs, and44% will remain for the Ministry of Natural Resources.

- So: (1 billion, 291 million, 548 thousand and 300) dollars X (56%) = (723 million, 267 thousand and 48) dollars go to the cost of the oil production process.

In dinars: (723 million, 267 thousand and 48) dollars X (1450) dinars = (1trillion, 48 billion, 737 million and 219 thousand and 600) dinars for oil expenditure.

- (1 billion, 291 million, 548 thousand and 300) dollars X (44%) = (568 million, 281 thousand and 252) dollars of income remains for the government.

Total income in March 2022 (dinar)

• (824 billion, 7 million, 815 thousand, and 400) oil revenues + (200 billion) the region's share of Iraq's budget + (164 billion) The region's non-oil revenues + (31 billion 500 million) • Coalition assistance for Peshmerga forces = (1 trillion, 219 billion, 507 million and 815 thousand and 400) dinars.