Half of it from taxes… Iraq intends to collect 79 trillion dinars in non-oil revenues by 2028.
Half of it from taxes… Iraq intends to collect 79 trillion dinars in non-oil revenues by 2028.
2025-04-29 | 03:19
Revealed Ministry of Planning Today, Tuesday, estimates according to the five-year plan 2024-2028 indicate that 79 trillion dinars will be collected in non-oil revenues, with the percentage of oil revenues declining to 87% of total revenues.
The ministry spokesman said Abdul Zahra Al-Hindawi, that “National Development Plan2024-2028: Oil revenues are expected to decline from 89.2 percent in 2024 to 87.4 percent in 2028, while non-oil revenues are estimated at more than 79 trillion dinars by 2028.
He added, “Revenues were calculated based on what was verified during the first four months of last year and weighted to the remainder of the year, while the estimated estimates of non-oil revenues were calculated for the remaining years of the plan based on the proportionality of their growth rate with the growth rate of output for non-oil activities, which was estimated in the plan at 5.73 percent.
” Al-Hindawi explained that “expectations indicate that total non-oil revenues during the five-year plan period extending to 2028 amount to 79 trillion and 100 billion dinars, of which 21 trillion taxes Direct taxes and 16 trillion and 800 billion dinars in indirect taxes, while the total of other types of non-oil revenues is expected to be 41 trillion and 300 billion dinars.
” He explained that “the plan National development It aims to achieve an economic growth rate of 4.24 percent for the gross domestic product, based on the fact that this rate is commensurate with the available human and material capabilities and existing challenges, taking into account the state of uncertainty and the performance of economic activities for the previous period,” according to Al-Sabah newspaper.
The spokesperson indicated Ministry of Planning…to that “the focus in targeting is on key sectors such as agriculture, industry, and tourism, in addition to physical and service infrastructure activities, according to what was stated in the general framework of the plan. Therefore, expectations indicate that the gross domestic product will increase by more than 214 trillion dinars in 2022, reaching 264 trillion in 2028, and that the contribution of non-oil activities will rise from 39.7 percent in 2022 to reach 42.6 percent.”
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