Ministry of Finance: Iraq’s revenues exceeded 124 trillion dinars during the year
Ministry of Finance: Iraq’s revenues exceeded 124 trillion dinars during the year
2026-03-04 04:18
Shafaq News – Baghdad
The Federal Ministry of Finance revealed on Wednesday that the volume of Iraqi revenues in the federal budget for 2025 exceeded 124 trillion dinars, indicating that the contribution of oil to the budget amounted to 88 %.
Shafaq News Agency followed up on data and tables issued by the ministry in March of this year, regarding the accounts for the fiscal year 2025, which indicated that the contribution of oil to the budget, despite its decrease compared to the beginning of this year, still constitutes the basis of the country’s budget .
The tables showed that total revenues amounted to 124 trillion, 185 billion, 235 million, 754 thousand and 307 dinars .
According to the Ministry of Finance, oil revenues amounted to 109 trillion, 207 billion, 744 million, and 884 thousand dinars, which constitutes 88% of total revenues, while non-oil revenues amounted to 14 trillion, 977 billion, 490 million, and 869 thousand dinars .
The ministry indicated that the non-oil revenues delivered from the Kurdistan Region to the state treasury amounted to 919 billion, 346 million, 211 thousand, and 877 dinars .
She also indicated that the total current expenditures amounted to 119 trillion, 163 billion, 668 million, and 159 thousand dinars, of which 60 trillion and 445 billion dinars were salaries for employees, 20 trillion dinars were salaries for retirees, and 5 trillion and 632 billion dinars were social welfare salaries .
The Prime Minister’s advisor for financial affairs, Mazhar Muhammad Salih, had previously confirmed to Shafaq News Agency that the reasons for the continued rentier nature of the economy are due to the wars and the imposition of the economic embargo on Iraq in the past era, as well as the political conflicts that it is witnessing today that have led to the dispersal of economic resources .
The continued reliance of the Iraqi state on oil as a primary source of the general budget is a factor that exposes the country to the risks of recurring global crises that affect oil markets, which pushes it each time to cover the deficit through borrowing internally or externally, which indicates a weakness in the management of financial resources and an inability to find sustainable financing alternatives .
shafaq.com
