Economic: 104 trillion dinars of non-oil revenues outside the budget
Economic: 104 trillion dinars of non-oil revenues outside the budget
10-11-2026
Information/Special…
Economic expert Nasser al-Kinani confirmed on Sunday that Iraq possesses substantial non-oil revenues not included in the general budget, estimating their size at approximately 104 trillion dinars. He indicated that investing and managing these funds transparently could contribute to addressing a portion of the debt and the financial crisis, and reduce the need for measures that affect citizens’ purchasing power, such as raising the dollar exchange rate.
Al-Kinani told Al-Maalouma, “The government has non-oil revenues that are not included in the budget,” questioning the fate of these funds and the mechanisms for managing them, at a time when Iraq needs to diversify its budget funding sources and reduce its reliance on oil revenues.
He added that “these revenues include funds collected from border crossings, tax collection, and other non-oil activities,” emphasizing that organizing and including them in official financial accounts would provide significant resources for the state and help it meet its financial obligations.
Al-Kinani explained that “the weak management of some of these resources is linked to partisan quotas and political influence within state institutions,” noting that “a portion of the revenues goes to funding certain projects.” He called for stricter oversight to prevent waste and corruption and ensure that funds reach the public treasury.
He indicated that the decision to raise the dollar exchange rate had been proposed and planned for some time, explaining that the additional revenues generated by this measure are estimated at approximately 20 trillion dinars.
He stressed “the necessity for the government to clarify the size of these revenues and how they are spent, and to compare them with the cost borne by citizens as a result of rising prices and declining purchasing power.”
Al-Kinani called for “a comprehensive audit of non-oil revenues, announcing their size, sources, and expenditures, and subjecting them to effective financial and parliamentary oversight,” emphasizing that “addressing the deficit should begin with maximizing state resources and combating waste and corruption, instead of imposing additional burdens on citizens.”
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