💼 ERBIL PRESENTS A NEW PROPOSAL TO BAGHDAD REGARDING NON-OIL REVENUES 💰⚖️
(Will this finally solve the budget dispute?)
📌 HIGHLIGHTS: A Fresh Move to End the Budget Deadlock 📌
🆕 1. KRG Proposes New Revenue-Sharing Deal 💸🤝
The Kurdistan Regional Government (KRG) has submitted a new proposal to Baghdad's Ministry of Financeregarding non-oil revenues, aiming to ease tensions over budget and salary disputes.
🔁 The plan includes:
KRG handing over 50% of revenues collected by federal institutions operating inside Kurdistan.
Revenues include passport fees, national ID fees, border crossing revenues, and more.
📈 2. From 60–70 Billion → to 100 Billion Dinars 💵
💡 This new arrangement could boost KRG’s monthly non-oil revenue transfers to
📊 Baghdad’s 2024 revenue report expects 180+ billion dinars from the KRG, so this is a step toward narrowing the gap.
⚖️ 3. Historical Tug-of-War Over Fees 🔁
Previously:
Both Erbil and Baghdad claimed 100% ownership over fees collected from federal institutions within the Region.
The Iraqi Ministry of Finance insisted that all revenue generated in Kurdistan should go to Baghdad.
This proposal suggests a 50/50 compromise, which could mark a major breakthrough in their long-standing disputes.
🗂️ 4. Proposal Now on Al-Sudani’s Desk 🖋️
✅ The proposal has already been submitted to the legal advisor to Iraqi PM Mohammed Shia al-Sudani.
📅 A final decision is expected during the next Council of Ministers meeting.
If approved, it could:
💼 Unlock blocked federal salary payments to the KRG
🔑 Pave the way for a longer-term budget solution
🛣️ Move Iraq closer to finalizing the HCL (Hydrocarbon Law)
🧩 5. Why It Matters for Investors 🏦
This move shows serious efforts to resolve fiscal autonomy issues, a key part of the Oil and Gas Law puzzle 🧩
✅ More revenue discipline from KRG
✅ Better transparency and control for Baghdad
✅ A positive signal for the IMF, World Bank, and international stakeholders
The reinstatement of the dinar and progress toward economic reform depend on these kinds of practical compromises.
🕊️ Final Thought:
Is this a real breakthrough, or just more bureaucracy? Time will tell. But this 50/50 proposal is the clearest sign yetthat both sides are inching closer to a workable solution. 💼🇮🇶
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