The Kurdistan Regional Government (KRG) is preparing to transfer non-oil revenues to Baghdad. Officials plan to deposit the funds soon into the Iraqi Ministry of Finance’s bank account to support public employee salaries and maintain financial coordination.
A source in the KRG Ministry of Finance and Economy said that the ministry will deposit 120 billion Iraqi dinars from October’s non-oil revenues. The funds will go directly into the Ministry of Finance account at the Erbil branch of the Central Bank of Iraq (CBI).
Sulaymaniyah has also prepared 48 billion dinars in non-oil revenue. The Ministry of Finance must approve the transfer to Erbil before officials can complete the deposit.
The Kurdistan Regional Government is simultaneously preparing to deposit 120 billion dinars into the federal account to cover October salaries for public employees. Officials are coordinating with Baghdad to ensure the funds arrive on time.
Payroll audits for October and November have been completed. The ministry sent December’s payroll list to the federal government. The audit process for December will begin on Thursday.
The Iraqi government previously deposited September salaries for Kurdistan public employees in late November. Payments for the remaining three months are still pending, highlighting the need for ongoing coordination between Erbil and Baghdad.
Officials said these upcoming transfers will strengthen financial coordination, ensure timely payments, and maintain transparency in managing non-oil revenues. They emphasized that the KRG remains committed to efficiency and accountability while handling both regional and federal financial responsibilities.
The transfers mark an important step toward stabilizing KRG finances and supporting public employees. Authorities continue to monitor the process closely to prevent delays and guarantee that funds reach their intended recipients on schedule.
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