Baghdad:The General Commission for Monitoring the Allocation of Federal Revenues announced that Iraq’s total revenues up to last August amounted to approximately 45.355 trillion dinars. Notably, 77% of these revenues were derived from the oil sector.

According to Iraqi News Agency, Suzan Abdullah Mohammed, Head of the Public Commission for Monitoring the Allocation of Federal Revenues, mentioned that the 2027 budget is still being drafted and has not been finalized. Discussions and amendments are ongoing.

The Commission emphasized its role in reviewing the bases and criteria for the distribution of federal resources, highlighting the importance of fairness and transparency in strengthening the integrity of decisions regarding public funds, as stipulated by Article 106 of the Iraqi Constitution.

Abdullah also noted that the General Commission relies on constitutional and legal frameworks, including Article 106 and the Commission’s Law No. 55 of 2017, to ensure transparency and fairness in resource allocation. The Commission’s oversight work focuses on verifying financial data accuracy and tracking revenues from accrual to distribution.

Data from the Ministry of Finance up to August 31, 2026, indicated that out of the 45.355 trillion dinars in revenue, 34.726 trillion dinars came from oil, while non-oil revenues accounted for 10.629 trillion dinars. Total expenditure reached approximately 78.9 trillion dinars, including 75.8 trillion dinars in current expenditure and 3.1 trillion dinars in investment expenditure, resulting in a revenue-expenditure gap of about 33.6 trillion dinars.