ERBIL, Kurdistan Region of Iraq – Iraqi Finance Minister Falih al-Sari is set to present the details of the 2027 budget to the parliament’s finance committee this week, a lawmaker said Sunday.

Burhan al-Maamouri, a member of the finance committee, told The New Region that they have decided to host the finance minister to clarify the priorities of the 2027 federal budget.

Oil and non-oil revenue files, operating and investment expenditures, hiring, promotions, and the value of the dollar are among the topics on the agenda, he added.

Iraq’s 2026 budget law has faced major delays, partly owing to the regional conflict and the ensuing financial turmoil due to Iran’s closure of the Strait of Hormuz, which has significantly affected Iraq’s ability to balance and set the budget and pay public sector salaries.

The Central Bank of Iraq (CBI) has pegged the dinar at a value of 1,320 to the US dollar. Though a widening discrepancy has emerged between the official value and the rate at which the dollar has been traded in the parallel market for years. At the time of writing this article, a dollar is exchanged for around 1,600 dinars in Iraq’s currency exchange market.

Recent reports have emerged suggesting that authorities may be eyeing a reevaluation of the dinar closer to its market value to narrow the gap, though a final decision has not been made, and no official confirmation has been issued issued on the matter.

Erbil and Baghdad’s disagreements over oil exports and domestic revenue, and the Kurdistan Region’s share of the budget present another contentious issue ahead of the federal budget approval.

On Saturday, a source from Erbil’s finance ministry told The New Region that a delegation arrived in Baghdad and is set to resume talks with Baghdad’s finance ministry on the 2027 budget, aiming to “insist” on the budget share “in line with agreements.”

In mid-September, Kurdistan Region Prime Minister Masrour Barzani said the Region’s share of federal allocations must be based on its actual population size, which he put at 14.14 percent of Iraq’s total population, arguing that anything below that figure is “unfair”.

On Tuesday, the Kurdistan Regional Government’s (KRG) Finance Minister Awat Sheikh Janab told The New Region that the Region has not received even seven percent of Iraq’s annual budget in a single year since 2014, despite consistently being allocated 12.67 percent of the total in the budget bills.