Eco Iraq: The financial deficit has exceeded 24 trillion and revenues do not cover salaries.
Eco Iraq: The financial deficit has exceeded 24 trillion and revenues do not cover salaries.
2026-01-17
Shafaq News – Baghdad
The Eco Iraq Observatory announced on Saturday that the financial deficit up to last October amounted to 24 trillion and 680 billion dinars, while noting that current expenditures, such as salaries and the provision of services, constitute 75% of public spending.
According to a statement from the Observatory, received by Shafaq News Agency, the state’s financial deficit is increasing monthly due to the decline in oil prices and the large amount of public spending. The statement indicated that “until October 2025, the deficit reached 24,680,555,254,693 Iraqi dinars,” explaining that “financial revenues amounted to about 103 trillion dinars, including non-oil revenues that did not exceed 10 trillion.”
According to the observatory, the total state revenues up to October 2025 amounted to: 103,514,200,991,817 dinars, including non-oil revenues from imposing taxes, customs tariffs and fees: 10,316,748,440,669 dinars, and oil revenues, which include the sale of crude oil, oil derivatives and licensing rounds: 93,197,452,551,148 dinars.
He pointed out that “the total state expenditures for the same month amounted to 128,194,756,246,510 dinars, of which 90% were current expenditures of about 96 trillion and 378 billion, allocated to salaries and the provision of services,” adding that “addressing the financial deficit requires strengthening non-oil revenues through improving tax collection and expanding the customs tariff base, in addition to controlling current expenditures and improving the efficiency of public services.”
shafaq.com
