The International Monetary Fund expects a jump in Iraq’s public revenues of nearly $150 billion
The International Monetary Fund expects a jump in Iraq’s public revenues of nearly $150 billion
2022-05-03 08:22
Shafaq News/ The International Monetary Fund expected that Iraq will achieve a jump in its public revenues during 2022 after the rise in oil prices.
According to the fund’s estimates, seen by Shafak News Agency, “it is expected that the Arab oil-exporting countries will witness jumps in their revenues during the current year, in conjunction with the rise in oil prices globally,” noting that “it is expected that Iraq’s revenues during 2022 will reach 149 billion dollars. And an annual change rate of 73 percent from 2021.
The report added that “Saudi Arabia’s revenues are expected to rise $327 billion with an annual change of 28 percent, while Libya’s annual revenues for the current year will reach 39 billion dollars with an annual change of 84 percent, while the UAE’s revenues will be 190 billion dollars with an annual change of 46 percent, and Kuwait’s revenues will be 102 billion.” dollars with an annual change rate of 46 percent.
He added that “Qatar’s revenues are expected to reach $84 billion with an annual change of 40 percent, Bahrain’s revenues will be 11 billion dollars with an annual change of 39 percent, and Oman’s revenues will amount to 39 billion dollars with an annual change of 34 percent, while Algeria’s revenues will reach 58 billion dollars, with a percentage change of 28 percent.” percent”.
Oil prices rose during 2022 to above $100 per barrel after Russia, one of the world’s largest oil and gas exporters, launched a war against Ukraine, with concerns about a disruption and a scarcity of oil exports.
shafaq.com
