Iraq’s financial revenues exceeded 114 trillion dinars during the first 11 months of 2025.
Iraq’s financial revenues exceeded 114 trillion dinars during the first 11 months of 2025.
2026-01-24
Shafaq News – Baghdad
The Ministry of Finance revealed on Saturday that the volume of Iraqi revenues in the federal budget from January to November 2025 exceeded 114 trillion dinars, indicating that the contribution of oil to the budget amounted to 88%.
Shafaq News Agency followed up on the data and tables issued by the Ministry of Finance this January for the fiscal year accounts for the first 11 months of 2025, which showed that the contribution of oil to the general budget decreased to 88%, and despite its decrease, the rentier economy is still the basis of the country’s general budget.
The financial tables indicated that total revenues amounted to 114 trillion, 45 billion, 752 million, 44 thousand, 137 dinars.
According to the financial tables, oil revenues amounted to 100 trillion, 562 billion, 258 million, and 815 thousand dinars, which constitutes 88% of the general budget, while non-oil revenues amounted to 13 trillion, 483 billion, 493 million, and 229 thousand dinars.
She indicated that the total current expenditures amounted to 106 trillion, 753 billion, 975 million, and 872 thousand, including salaries for employees amounting to 55 trillion dinars and pensions for retirees amounting to 17 trillion and 334 billion dinars, while social welfare salaries amounted to 5 trillion and 185 billion dinars.
In March 2021, Mazhar Muhammad Salih, the Prime Minister’s advisor for financial affairs, confirmed in an interview with Shafaq News Agency that the reasons for the economy remaining rentier are due to the wars and the imposition of the economic embargo on Iraq during the past era, and what we are witnessing today in terms of political conflicts has led to the dispersal of economic resources.
The state’s continued reliance on oil as the sole source of the general budget puts Iraq at risk from global crises that occur from time to time due to the impact on oil, which makes the country resort each time to covering the deficit by borrowing from abroad or internally, and thus indicates the inability to manage state funds effectively, and the inability to find alternative financing solutions.
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