The Kurdistan Regional Government has officially transferred its internal revenue for April to the federal government. Early this morning, the Ministry of Finance and Economy deposited the funds into the Central Bank of Iraq’s Erbil branch account.
This payment represents 50% of the Kurdistan Region’s non-oil internal revenue, in line with the financial agreement with Baghdad. This policy is part of the deal that ensures federal salary disbursement continues without disruption.
In March, the Kurdistan Region sent around 50 billion dinars to Baghdad. For April, the transferred amount reached over 50 billion, 522 million, and 750 thousand dinars. This information was confirmed by a senior official at the Ministry of Finance and Economy.
A representative from the Central Bank’s Erbil branch also verified that the amount was successfully deposited. This confirmation further supports transparency and trust between the two administrations.
The Kurdistan internal revenue transfer agreement outlines that 50% of all non-oil revenue collected by the Kurdistan Region must be transferred monthly. Additionally, each region must provide a full financial statement of the previous month by the 10th day of the current month.
Officials emphasized that regular and timely Kurdistan internal revenue transfers help maintain financial stability. They also assist in streamlining the salary distribution process across both regional and federal institutions.
The ongoing cooperation between Erbil and Baghdad demonstrates a significant step toward more efficient fiscal management. Both parties appear committed to maintaining these transfers without delays or complications.
As outlined in the agreement, each month’s Kurdistan internal revenue transfer plays a vital role in funding public employee salaries across the Kurdistan Region.
With April’s revenue now fully transferred, the process for the next salary distribution is expected to proceed smoothly. Government sources reassured employees that continued compliance with these terms will prevent any future disruptions.