The Kurdistan Regional Government (KRG) Council of Ministers will meet to review the region’s financial situation. The meeting will also focus on the implementation of the agreement to resume Kurdistan’s oil exports.
Additionally, the session will address key financial and energy issues. These discussions come at a critical time, as public finances in the Kurdistan Region remain closely linked to oil revenues and federal budget coordination.
Therefore, the first agenda item is the 2025 fiscal review and 2026 budget planning. Ministers will examine a summary of the 2025 fiscal year. They will assess spending levels, revenues, and overall financial performance. Based on this review, the Council will evaluate projections for the 2026 financial year.
Salary payments will be a central topic. The KRG Council will follow up on the disbursement of salaries for November and December 2025. It will also work to ensure the regular and timely payment of monthly salaries and other financial entitlements throughout 2026. The government will manage these payments within the framework of the federal budget agreement.
The second agenda item is the implementation of the tripartite oil export agreement. The Council will review the KRG’s performance during the last three months of 2025. Officials will assess how effectively the agreement has been applied so far.
Ministers will receive updates on oil export volumes and the revenues generated from the sale of Kurdistan Region oil. These revenues are transferred to the federal treasury as part of the agreement. The review aims to ensure transparency and compliance with agreed mechanisms.
This meeting reflects the KRG’s commitment to fiscal transparency and accountability. By closely monitoring oil revenues, the government seeks to ensure that income benefits both the Kurdistan Region and the federal government.
The approach also sends a clear message to international investors and financial institutions. It reassures them that the region manages its oil sector efficiently and records revenues in line with federal arrangements.
The tripartite agreement, reached with the federal government and international partners, regulates oil export volumes and revenue sharing between Erbil and Baghdad. Its implementation remains vital for funding public sector salaries, social services, and infrastructure projects.
By linking financial oversight with continuous monitoring of oil exports, the KRG aims to maintain economic stability amid fluctuating global energy markets and ongoing political coordination with Baghdad.
