Iraq’s financial revenues exceed 15 trillion dinars in two months
The Ministry of Finance revealed on Monday that the volume of Iraqi revenues in the federal budget during the months of January and February of 2026 exceeded 15 trillion dinars.
Shafaq News Agency followed up on the data and tables issued by the Ministry of Finance this May for the accounts of January and February of 2026, and it was shown that the total revenues amounted to 15 trillion, 708 billion, 703 million, 55 thousand, and 312 dinars, a decrease of 13% compared to the same period of 2025, which amounted to 17 trillion, 427 billion, and 196 million dinars.
According to the financial tables, oil revenues amounted to 13 trillion, 127 billion, 528 million, and 433 thousand dinars, which constitutes 84% of the general budget, while non-oil revenues amounted to 2 trillion, 581 billion, 174 million, and 621 thousand dinars.
Meanwhile, non-oil revenues transferred from the Kurdistan Region to the state treasury amounted to 120 billion dinars.
According to the financial tables, the total current expenditures amounted to 16 trillion, 978 billion, 257 million, and 451 thousand dinars, including salaries for employees that exceeded 10 trillion dinars, pensions for retirees amounting to 3 trillion dinars, in addition to social welfare salaries of 912 billion dinars.
The Iraqi state’s continued reliance on oil as the sole source of its general budget puts the country at risk from global crises that occur from time to time due to the impact on oil, which prompts governments each time to cover the deficit by borrowing from abroad or internally. This indicates an inability to manage state funds effectively and an inability to find alternative financing solutions.
Shafaq.com