The Kurdistan Region’s Ministry of Finance has started preparations to transfer domestic revenues to Baghdad. The move supports ongoing salary payments. It also reflects renewed financial coordination with the federal government.
Officials confirmed that the ministry plans to transfer 120 billion Iraqi dinars. This amount comes from non-oil domestic revenues. Moreover, the transfer meets a key condition tied to salary disbursements.
According to official information, the approval document has already reached the Ministry of Finance and Economy in the Kurdistan Region. Therefore, technical teams have begun final arrangements. They aim to deposit the funds into the Iraqi Ministry of Finance’s bank account. The account operates through the Erbil branch of the Central Bank of Iraq.
Meanwhile, authorities clarified the sources of the funds. Revenues from Erbil and Duhok contribute 72 billion dinars. At the same time, Sulaymaniyah and Halabja provide the remaining 48 billion dinars. These funds reflect routine domestic collections. They do not include oil-related income.
A source inside the Ministry of Finance spoke about the process. The source said officials now wait only for Sulaymaniyah’s revenues to arrive. Once they arrive, authorities will deliver the full amount in cash. Then, they will deposit it at the Erbil branch of the Central Bank. After that, the Iraqi Ministry of Finance will receive the funds officially.
In addition, developments in Baghdad brought positive signals. Officials there completed the review of the January salary lists. As a result, the Kurdistan Region’s technical delegation returned to Erbil. This step suggests progress. It also indicates the absence of further technical obstacles.
Furthermore, financial officials believe the transfer will smooth salary procedures. They also expect it to reduce delays. Therefore, public sector employees may see improved payment regularity in the coming period.
This transfer follows an agreement reached last year. The Kurdistan Regional Government and the federal government revised financial arrangements. Under the agreement, Baghdad receives 120 billion dinars monthly from non-oil revenues. The deal aims to ensure compliance with the federal budget law. It also seeks to honor political understandings between both sides.
Moreover, the agreement focuses on stability. Regular transfers help maintain trust. They also support coordination between Erbil and Baghdad. Officials view the arrangement as essential for financial discipline.
Overall, the current preparations mark another step forward. The Kurdistan Region continues to align with federal requirements. At the same time, authorities emphasize salary security. Consequently, the coming days may bring clearer timelines for payments.
