The Kurdistan Region deposits 120 billion dinars of non-oil revenues into the Iraqi treasury account.
The Kurdistan Region’s Ministry of Finance and Economy announced on Thursday that non-oil revenues for June had been deposited into the federal Ministry of Finance’s bank account.
The Ministry of Finance stated in a statement today that the region’s non-oil revenues for June 2025, amounting to 120,000,000,000 dinars (one hundred and twenty billion dinars), were deposited in cash into the Federal Ministry of Finance’s bank account at the Erbil branch of the Central Bank of Iraq.
On Tuesday, August 26, the Federal Council of Ministers approved the Ministry of Finance’s payment of salaries to Kurdistan Region employees for June 2025, with the regional government paying 120 billion dinars as a non-oil revenue payment.
An informed source revealed to Shafaq News Agency last month the details of the agreement between Baghdad and Erbil regarding the resumption of Kurdistan’s oil exports. He confirmed that the agreement stipulated that the Kurdistan Regional Government would receive 240 billion dinars in revenues for May and June, at a rate of 120 billion dinars per month, in addition to delivering 230,000 barrels of oil per day to Baghdad, in exchange for the latter sending the salaries of the region’s employees for those two months.
The roots of this crisis between the federal government in Baghdad and the Kurdistan Regional Government (KRG) lie in ongoing disagreements over oil export mechanisms and the unification of public revenues. This is a long-standing crisis that resurfaces from time to time, but it has worsened significantly since May 2025, when the federal government refused to send salaries to the region’s employees.
Shafaq.com