Al-Sudani’s advisor indicates a major development in Iraq’s financial capabilities during 2024
Al-Sudani’s advisor indicates a major development in Iraq’s financial capabilities during 2024
9-28-2024
Information/Baghdad…
Today, Saturday, Mazhar Muhammad Salih, economic advisor to Prime Minister Muhammad Shia al-Sudani, pointed out the development of Iraq’s financial capabilities during 2024.
Saleh said in a statement to Al-Maalouma Agency, “The semi-annual oil revenues for the year 2023 amounted to 53.88 trillion dinars, while they rose during 2024 to more than 58.80 trillion dinars.”
He added, “Non-oil revenues amounted to nearly 0.42 trillion dinars during the six months of 2023, and at the end of the first half of 2024, they reached 7.18 trillion dinars.”
Saleh pointed out that “there is a significant development in public finance capabilities during the year 2024 by maximizing Iraq’s resources from non-oil sources.”
On Monday, June 12, 2023, the House of Representatives approved the three-year financial budget law for 2023, 2024 and 2025. The budget approved more expenditures and investments as a direct result of the increase in oil revenues, which constitute 90% of the country’s revenues, at a price of $70 per barrel.
almaalomah.me
