Iraq’s federal revenues in June 2026 fell 42% year-on-year, mainly due to a sharp drop in oil revenues, according to Shafaq.

Total revenues decreased from 62 trillion dinars ($46.97 billion) in the previous year to 35.95 trillion dinars ($27.23 billion).

Oil revenues nearly halved, falling from 57.05 trillion dinars to 28.51 trillion dinars, while non-oil revenues rose from 4.95 trillion dinars to 7.44 trillion dinars.