Rashid: Corruption is devouring half of Iraq’s non-oil revenues
Rashid: Corruption is devouring half of Iraq’s non-oil revenues
12-22-2025
The Information/Baghdad –
Saleh Rashid, a member of the Alternative Alliance, confirmed on Monday that corruption is consuming approximately 50% of Iraq’s non-oil revenues. He called for the adoption of a strategic roadmap to correct the course of the national economy and address the fluctuations
in global oil prices. Rashid told Al-Maalouma, “Iraq still relies on what is known as a rentier economy, where revenues from crude oil sales constitute about 90% of the treasury’s income. This is extremely dangerous, especially given the continuous fluctuations in oil prices in global markets over the past few years.”
He added, “Many oil-producing countries have moved towards a radical change in their economic policies and adopted the principle of economic diversification by activating non-oil revenues in a well-planned manner, ensuring resilience against any decline in oil prices.” He explained that “Iraq possesses substantial non-oil revenues, but nearly 50% of them are being devoured by the scourge of corruption in various ways.”
Rashid stressed “the necessity of adopting a strategic roadmap to confront the crisis of fluctuating oil prices, especially after the declines witnessed in recent months, which have begun to put significant pressure on the public treasury and affect the state’s ability to pay salaries and other entitlements.”
He concluded by saying that “combating corruption has become a national imperative, as it poses a threat comparable to terrorism in its impact on the country’s future and economic stability.”
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