Iraq's fiscal exposure · 2026

Three months of oil against Iraq's obligations

Cumulative March–May 2026 oil revenue measured against two tiers of state spending, on a shared scale

Scale: $25.2bn (three-month total expenditure) = full width

Oil revenue ~$4.1bn
Salary, pensions & welfare oil covered 25% ~$16.35bn
gap: ~$12.3bn
Total expenditure incl. investment oil covered 16% ~$25.2bn
gap: ~$21.1bn
$0 $5bn $10bn $15bn $20bn $25bn
Cumulative oil revenue, segmented by month:  March ~$2.0bn · April $1.087bn · May ~$1.0bn
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