In eight months, Iraq’s financial revenues exceeded 82 trillion dinars.
In eight months, Iraq’s financial revenues exceeded 82 trillion dinars.
2025-11-08 01:51
Shafaq News – Baghdad
The Iraqi Ministry of Finance revealed on Saturday that the volume of revenues in the federal budget from January to August of last year 2025 exceeded 82 trillion dinars, noting that the contribution of oil to the budget amounted to 90%.
Shafaq News Agency followed up on the data and tables issued by the Ministry of Finance this November for the accounts for the fiscal year for the first eight months of this year, which showed that oil’s contribution to the general budget increased compared to last month, reaching 90%, indicating that the rentier economy is the basis of the country’s general budget.
The financial tables indicated that total revenues amounted to 82 trillion, 377 billion, 552 million, 620 thousand and 313 dinars.
According to the financial tables, oil revenues amounted to 73 trillion, 821 billion, 820 million, and 815 thousand dinars, which constitutes 90% of the general budget, while non-oil revenues amounted to 8 trillion, 555 billion, 371 million, and 804 thousand dinars.
She added that the total current expenditures amounted to 73 trillion, 649 billion, 419 million, and 388 thousand, including salaries for employees amounting to 44 trillion dinars, pensions for retirees amounting to 12 trillion and 558 billion dinars, and social welfare salaries amounting to 3 trillion and 710 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 Iraqi 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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