oil revenues

  • Iraq's oil revenues drop sharply in the first five months of 2026

    Iraq's oil revenues drop sharply in the first five months of 2026

    Iraq and Kurdistan Region Service - According to statistics from the Iraqi Ministry of Finance, the country's revenues in the first five months of 2026 decreased by 12.41 trillion dinars (about 27 percent) compared to the same period last year, from 46.1 trillion to 33.7 trillion dinars. While government spending remained almost unchanged, the budget deficit increased to about 13 trillion dinars, which is about 15 times more than the same period in 2025.