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Iraq achieves a financial surplus of more than 11.4 trillion dinars in the first quarter of 2022

The Ministry of Finance revealed that the percentage of non-oil revenues did not exceed 4% of the total revenues during the first quarter of 2022.

A report on the ministry, seen by “Al-Iqtisad News”, stated that “the total oil revenues amounted to 33.3 trillion dinars, while the total non-oil revenues amounted to 1.5 trillion.”

The total oil and non-oil revenues amounted to “34.9 trillion dinars until March of 2022.”

The report indicated that “the percentage of oil revenues out of the total revenues amounted to 96%, compared to 4% the percentage of non-oil revenues.”

According to these data, Iraq achieved a financial surplus of 11.41 trillion dinars during the first 3 months of 2022.

Economists expect Iraq’s oil revenues to exceed 100 billion dinars by the end of this year, thanks to the rise in global oil prices.

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