Iraq Federal Budget Performance · Q1–Q3 2025

Ministry of Finance Revenue & Expenditure Report · January–September 2025

Revenue

91.17T

Tap for breakdown

Oil Revenue	81.75T (89%)
Non-Oil Revenue	9.42T (11%)
Crude Exports	66.05T
Chinese Agreement	8.91T

Expenditure

99.98T

Tap for breakdown

Operational	85.48T (89%)
Investment	14.50T (11%)
Wages & Welfare	66.54T
Debt Service	5.86T

Deficit

−8.81T

Tap for breakdown

% of Revenue	10%
Monthly Avg.	−979B
Worst Month	July: −10.59T
Best Month	June: +6.11T

Wages & Pensions

59.74T

Tap for breakdown

Employee Comp.	45.56T
Pensions	14.18T
% of Expenditure	60%

Top 10 Ministry Spending

Finance

19.28T

Interior

10.19T

Oil

8.95T

Education

8.85T

Defense

6.34T

Cabinet

6.61T

Health

5.72T

Electricity

5.60T

Labor/Social

4.84T

Trade

4.01T

Expenditure Composition

Employee Comp.

45.56T

Social Welfare

20.98T

Pensions

14.18T

Grants/Subsidies

8.96T

Debt Service

5.86T

Commodities

4.74T

Social Prot. Net

4.26T

Electricity

3.53T

Ration System

1.97T

Oil Revenue Breakdown

Crude Exports

66.05T

Chinese Agree.

8.91T

Licensing Rounds

4.53T

Petroleum Prod.

1.71T

Oil Sector Profit

544B

Non-Oil Revenue Breakdown

Income Taxes

2.52T

Commodity Tax

1.87T

Transfer Rev.

1.27T

Public Sector

1.08T

Fees

791B

KRG Non-Oil

679B

Capital Rev.

173B

91.17T

Total Revenue

81.75T

Oil (89%)

9.42T

Non-Oil (11%)

Oil Revenue Sources

Source	Amount (IQD)	%
Crude Oil Exports	66,052,118,040,239	81
Chinese Framework Agreement	8,912,693,027,731	11
Licensing Rounds	4,534,266,227,231	6
Petroleum Products	1,705,715,246,801	2
Oil Sector Profit Share	544,024,507,901	1
Total Oil Revenue	81,748,817,049,903	100

Non-Oil Revenue Sources

Source	Amount (IQD)	%
Income Taxes	2,515,554,161,974	27
Other Revenues	2,940,175,676,051	31
Commodity Taxes & Fees	1,873,295,845,845	20
Transfer Revenues	1,272,405,065,199	14
Public Sector Profits	1,077,648,289,887	11
Fees	791,279,676,717	8
Capital Revenues	172,632,468,886	2
Total Non-Oil Revenue	9,419,602,464,781	100

KRG contributed 679B in non-oil revenue to federal treasury.

Monthly Revenue (Iraqi Dinars)

Month	Oil Revenue	%	Non-Oil	%	Total
Jan	7,347,707,355,586	91	692,616,264,250	9	8,040,323,619,836
Feb	8,600,032,370,038	92	786,840,651,723	8	9,386,873,021,761
Mar	8,964,167,201,225	91	857,400,353,731	9	9,821,567,554,956
Apr	8,665,005,842,597	93	672,256,976,524	7	9,337,262,819,121
May	8,353,892,563,356	87	1,217,190,829,731	13	9,571,083,393,087
Jun	15,121,849,661,684	95	724,977,733,474	5	15,846,827,395,158
Jul	7,906,983,437,926	79	2,124,105,976,716	21	10,031,089,414,642
Aug	8,862,182,383,438	86	1,480,343,018,314	14	10,342,525,401,752
Sep	7,926,996,234,053	90	863,870,660,318	10	8,790,866,894,371
Total	81,748,817,049,903	89	9,419,602,464,781	11	91,168,419,514,684

99.98T

Total Expenditure

85.48T

Operational (89%)

14.50T

Investment (11%)

Current Expenditure by Category

Category	Amount (IQD)	%
Employee Compensation	45,563,109,881,997	53
Social Welfare	20,979,928,897,092	25
Grants, Subsidies & Other	8,963,922,476,201	10
Commodity Requirements	4,738,258,999,336	6
Debt Service	4,316,537,850,060	5
Service Requirements	274,313,559,840	0.3
Asset Maintenance	193,659,988,234	0.2
Capital Expenditure (Current)	167,307,594,494	0.2
External Commitments	12,819,650,960	0.01
Special Programs	269,133,571,686	0.3
Total Current	85,478,992,469,900	100

Detailed Expenditure Analysis

Item	Amount (IQD)
Employee Compensation	45,563,109,881,997
Pension Salaries	14,175,683,944,981
Debt Service	5,857,870,922,437
Social Protection Network	4,263,101,981,327
Grants, Wages & Salaries	3,604,253,551,875
Electricity Costs	3,530,731,198,059
Operational Costs	2,924,109,871,783
Wheat Purchase Support	2,000,000,000,000
Public Distribution System	1,974,999,999,973
Appointed Exclusive Salaries	550,678,455,000
Medicine Procurement	383,082,835,419
Special Programs	269,133,571,686
Detainee Food & Maintenance	249,224,062,297
Fuel	113,732,832,390
Displaced Relief	15,464,515,812
Textbook Printing	3,814,844,865
Total Current Expenditure	85,478,992,469,900

Monthly Expenditure (Iraqi Dinars)

Month	Operational	%	Investment	%	Total
Jan	8,460,252,750,879	93	615,317,293,168	7	9,075,570,044,047
Feb	8,471,588,841,069	95	420,209,370,846	5	8,891,798,211,915
Mar	9,730,587,069,096	96	441,476,927,460	4	10,172,063,996,556
Apr	8,631,241,957,037	91	861,178,183,143	9	9,492,420,140,180
May	8,657,756,027,069	93	689,647,824,926	7	9,347,403,851,995
Jun	8,816,394,609,962	91	916,561,736,326	9	9,732,956,346,288
Jul	11,503,656,980,146	56	9,117,490,971,140	44	20,621,147,951,286
Aug	9,377,941,153,682	92	766,975,806,738	8	10,144,916,960,420
Sep	11,829,573,080,960	95	668,886,831,417	5	12,498,459,912,377
Total	85,478,992,469,900	89	14,497,744,945,164	11	99,976,737,415,064

July recorded exceptional investment spending of 9.12T (44% of monthly total) vs the 9-month average of 11%.

Total

99.98T

Top: Finance

19.28T

Security (Int+Def)

16.53T

KRG

8.33T

All Ministries & Entities Expenditure

Ministry/Entity	Operational	Investment	Total
Finance	19,258,111,925,704	19,651,347,751	19,277,763,273,455
Interior	10,001,218,508,552	190,243,993,718	10,191,462,502,270
Oil	38,188,181,525	8,909,475,005,442	8,947,663,186,967
Education	8,801,591,014,934	50,328,613,808	8,851,919,628,742
Kurdistan Region	8,331,748,022,442	0	8,331,748,022,442
Council of Ministers	5,895,589,180,841	710,573,240,730	6,606,162,421,571
Defense	6,267,444,832,431	68,224,706,400	6,335,669,538,831
Health	5,415,889,175,682	302,089,651,934	5,717,978,827,616
Electricity	4,972,165,607,161	626,067,470,250	5,598,233,077,411
Labor & Social Affairs	4,831,929,380,845	12,775,803,507	4,844,705,184,352
Trade	4,006,714,497,230	126,055,000	4,006,840,552,230
Higher Education	2,281,649,932,383	21,965,063,932	2,303,614,996,314
Construction & Housing	218,152,540,614	860,978,389,158	1,079,130,929,772
Justice	641,975,375,182	16,088,142,932	658,063,518,114
Industry & Minerals	623,528,162,505	13,305,415,774	636,833,578,279
Council of Representatives	450,321,586,794	176,000	450,321,762,794
Non-Ministry Depts	277,728,293,038	158,163,980,882	435,892,273,920
Supreme Judicial Council	348,893,793,995	4,885,818,900	353,779,612,895
Water Resources	214,902,819,632	88,709,301,504	303,612,121,136
Foreign Affairs	140,721,741,601	113,852	140,721,855,453
Agriculture	139,648,156,551	47,971,850	139,696,128,401
Planning	42,597,185,502	81,555,733,961	124,152,919,463
Military Industrialization	118,664,340,644	3,859,587,985	122,523,928,629
Culture	83,948,683,687	10,542,790,336	94,491,474,023
Youth & Sports	71,782,146,514	12,973,012,361	84,755,158,875
Transport	54,325,724,817	11,923,080,117	66,248,804,934
Displacement & Migration	39,222,658,161	0	39,222,658,161
Presidency of Republic	37,115,555,155	218,688,500	37,334,243,655
Environment	33,939,314,301	0	33,939,314,301
Communications	7,881,110,660	104,189,570	7,985,300,230
Federal Supreme Court	4,772,455,539	0	4,772,455,539
Council of State	4,271,536,796	0	4,271,536,796
Revenue Allocation Commission	1,068,956,158	0	1,068,956,158
Ministries Subtotal	—	—	—

Total Investment

14.50T

Industry

9.64T

66%

Invest. Program

12.11T

Licensing Rounds

8.55T

Investment by Sector

Sector	Amount (IQD)	%
Industry	9,639,234,324,254	66
Roads, Buildings & Services	3,035,552,549,505	21
Transport & Communications	1,185,906,400,561	8
Education & Training	510,161,425,141	4
Agriculture	126,890,245,702	1
Total	14,497,744,945,164	100

Investment by Type

Type	Amount (IQD)	%
Investment Programme	12,110,261,222,316	84
Regional Development	2,171,515,700,612	15
Petrodollar	167,248,775,219	1
Poverty Reduction Strategy	42,278,243,717	0.3
Border Crossings	6,441,003,300	0.04
Total	14,497,744,945,164	100

Licensing rounds: 8.55T · Chinese agreement: 328B

Investment by Sector · Monthly (Billion IQD)

Month	Agriculture	Industry	Transport	Roads/Svc	Education	Total
Jan	9.3	192.0	120.9	251.7	41.4	615.3
Feb	13.9	60.1	46.5	222.7	77.0	420.2
Mar	16.9	39.2	88.5	266.2	30.7	441.5
Apr	15.2	243.3	217.6	363.7	21.4	861.2
May	12.2	101.0	117.4	386.6	72.5	689.6
Jun	13.8	154.9	179.3	441.2	127.4	916.6
Jul	10.6	8,540.1	140.8	374.3	51.8	9,117.5
Aug	7.2	117.7	149.5	429.2	63.3	767.0
Sep	27.8	190.9	125.4	300.0	24.7	668.9
Total	126.9	9,639.2	1,185.9	3,035.6	510.2	14,497.7

July's industry allocation of 8.54T represents 89% of the sector's entire 9-month total.

Total Governorates

4.35T

Top: Baghdad

607B

Basra

552B

Karbala

496B

All Governorate Expenditure

Governorate	Operational	Investment	Total
Baghdad	102,374,668,236	504,807,141,993	607,181,810,229
Basra	390,088,192,616	161,665,494,764	551,753,687,380
Karbala	95,614,306,801	400,663,165,380	496,277,472,181
Anbar	228,442,516,267	262,028,166,510	490,470,682,777
Nineveh	118,404,509,551	196,459,557,277	314,864,066,828
Diwaniyah	112,064,718,853	181,734,102,044	293,798,820,897
Najaf	103,349,440,466	166,362,967,896	269,712,408,362
Babylon	159,075,587,212	97,626,039,365	256,701,626,577
Diyala	93,949,287,881	106,510,095,054	200,459,382,935
Maysan	69,682,822,122	121,195,119,805	190,877,941,927
Wasit	109,202,083,947	51,804,616,551	161,006,700,498
Dhi Qar	112,768,679,123	38,241,700,025	151,010,379,148
Muthanna	57,312,262,742	33,769,432,346	91,081,695,088
Salah al-Din	68,960,996,509	0	68,960,996,509
Total Governorates	1,821,289,072,326	2,322,867,598,010	4,144,156,670,336

Salah al-Din received zero investment allocation. Baghdad had highest investment (505B), followed by Karbala (401B).

Total to KRG

8.33T

Salaries

6.24T

74.5%

Social Welfare

2.09T

25%

KRG Returned

679B

8.15%

Federal Transfers to KRG (Billion IQD)

Month	Salaries	Grants	Welfare	Total
Jan	787.0	0.9	241.9	1,029.8
Feb	785.5	0.9	243.6	1,030.0
Mar	782.5	1.0	243.1	1,026.6
Apr	781.4	1.0	248.8	1,031.1
May	780.4	1.0	267.9	1,049.3
Jun	— No data —
Jul	779.7	1.0	298.1	1,078.7
Aug	771.0	0.9	271.2	1,043.1
Sep	771.0	0.9	271.2	1,043.1
Total	6,238.3	7.6	2,085.8	8,331.7

KRG Non-Oil Revenue Returned to Baghdad

Month	Amount (IQD)
Jan	51,895,457,877
Feb	48,722,239,000
Mar	48,205,765,000
Apr	50,522,750,000
May	120,000,000,000
Jun	—
Jul	120,000,000,000
Aug	120,000,000,000
Sep	120,000,000,000
Total	679,346,211,877

Total

7.09T

Council of Ministers

6.61T

93.1%

Parliament

450B

6.3%

Presidency

37B

0.5%

Three Presidencies Summary

Institution	Operational	Investment	Total
Council of Ministers	5,895,589,180,841	710,573,240,730	6,606,162,421,571
Council of Representatives	450,321,586,794	176,000	450,321,762,794
Presidency of Republic	37,115,555,155	218,688,500	37,334,243,655
Total	6,383,026,322,790	710,792,105,230	7,093,818,428,020

Judiciary & Independent Bodies

Entity	Operational	Investment	Total
Supreme Judicial Council	348,893,793,995	4,885,818,900	353,779,612,895
Federal Supreme Court	4,772,455,539	0	4,772,455,539
Council of State	4,271,536,796	0	4,271,536,796
Revenue Allocation Commission	1,068,956,158	0	1,068,956,158
Military Industrialization	118,664,340,644	3,859,587,985	122,523,928,629

Three Presidencies · Monthly Expenditure (Million IQD)

Month	Parliament		Presidency		Cabinet
Month	Op.	Inv.	Op.	Inv.	Op.	Inv.
Jan	45,291	0	3,393	0.01	616,121	49,204
Feb	48,363	0.11	4,108	0	619,601	79,910
Mar	50,743	0.05	3,914	0	629,317	59,966
Apr	48,255	0	3,842	57	646,519	39,695
May	49,058	0	4,153	0	679,647	112,675
Jun	45,925	0	4,030	65	696,918	142,676
Jul	58,800	0	4,064	0	664,874	82,146
Aug	51,504	0	4,657	68	671,295	109,160
Sep	52,383	0.01	4,954	0	671,297	35,140
Total	450,322	0.18	37,115	219	5,895,589	710,573