Based on data from the Kurdistan Regional Government’s Ministry of Finance and Economy, the financial structure and sources of revenue of the Kurdistan Region underwent a major and fundamental historical shift between 2019 and the end of 2025.
According to official data and statistics from the KRG Ministry of Finance and Economy, the Region’s finances have moved from a phase in which they relied on domestic oil revenues and independent oil sales to a new phase in which non-oil domestic revenues and “Baghdad funding” have become the main pillars for covering budget shortfalls and financial entitlements. This shift became particularly evident in 2024 and 2025, when the Kurdistan Region’s oil revenues fell completely to zero.
Analysis of Kurdistan Region Revenue Data (2019–2025)
According to data from the KRG Ministry of Finance and Economy, the Region’s revenues—which include non-oil revenues, Kurdistan Region oil revenues, and Baghdad funding—underwent significant changes between 2019 and the end of 2025.
Below is a summary of the data for each year:
Revenue Details by Year
2019
Total non-oil revenue: IQD 3.905 trillion, consisting of:
Customs revenue: IQD 1.380 trillion
Tax revenue: IQD 627.424 billion
Other revenues: IQD 1.898 trillion
Kurdistan Region oil revenue: IQD 4.340 trillion
Baghdad funding: IQD 5.315 trillion
Total revenue: IQD 13.562 trillion
2020
Total non-oil revenue: IQD 3.242 trillion, consisting of:
Customs revenue: IQD 1.188 trillion
Tax revenue: IQD 578.087 billion
Other revenues: IQD 1.476 trillion
Kurdistan Region oil revenue: IQD 3.001 trillion
Baghdad funding: IQD 2.001 trillion
Total revenue: IQD 8.436 trillion
2021
Total non-oil revenue: IQD 4.312 trillion, consisting of:
Customs revenue: IQD 1.418 trillion
Tax revenue: IQD 796.287 billion
Other revenues: IQD 2.097 trillion
Kurdistan Region oil revenue: IQD 5.557 trillion
Baghdad funding: IQD 1.200 trillion
Total revenue: IQD 11.069 trillion
2022
Total non-oil revenue: IQD 4.802 trillion, consisting of:
Customs revenue: IQD 1.409 trillion
Tax revenue: IQD 912.589 billion
Other revenues: IQD 2.481 trillion
Kurdistan Region oil revenue: IQD 7.777 trillion
Baghdad funding: IQD 400 billion
Total revenue: IQD 12.979 trillion
2023
Total non-oil revenue: IQD 4.711 trillion, consisting of:
Customs revenue: IQD 1.421 trillion
Tax revenue: IQD 839.944 billion
Other revenues: IQD 2.450 trillion
Kurdistan Region oil revenue: IQD 1.896 trillion
Baghdad funding: IQD 4.698 trillion
Total revenue: IQD 11.305 trillion
2024
Total non-oil revenue: IQD 4.700 trillion, consisting of:
Customs revenue: IQD 1.641 trillion
Tax revenue: IQD 949.139 billion
Other revenues: IQD 2.110 trillion
Kurdistan Region oil revenue: Zero (0)
Baghdad funding: IQD 10.026 trillion
Total revenue: IQD 14.726 trillion
2025
Total non-oil revenue: IQD 3.125 trillion, consisting of:
Customs revenue: IQD 1.090 trillion
Tax revenue: IQD 711.561 billion
Other revenues: IQD 1.324 trillion
Kurdistan Region oil revenue: Zero (0)
Baghdad funding: IQD 9.600 trillion
Total revenue: IQD 12.725 trillion