Iraq’s financial revenues
Baghdad (IraqiNews.com) – The Iraqi Ministry of Finance revealed on Tuesday that Iraq’s financial revenues between January and July 2025 surpassed 72.35 trillion Iraqi dinars ($55.22 billion).
According to figures released by the Finance Ministry, revenues generated from oil exports increased by 90 percent over the previous month, Shafaq News reported.
Oil export income totaled roughly 64.96 trillion Iraqi dinars ($49.57 billion), while non-oil revenues were 7.75 trillion Iraqi dinars ($5.91 billion).
The total expenditures for the same time were 64.27 trillion Iraqi dinars ($49.06 billion).
Iraq’s economy is highly dependent on oil exports, making it vulnerable to fluctuations in the commodity’s price on a worldwide scale. For instance, the 2024 budget is based on an oil price of $70 per barrel, which is lower than previous projections and takes into account the continuing instability of the oil market.
The Prime Minister’s Advisor for Financial Affairs, Mazhar Saleh, said earlier that while 2024 was stable, expected income deficits in 2025 will necessitate more monetary control.
Non-oil revenue is expected to increase dramatically. The Iraqi Parliamentary Finance Committee has projected that non-oil profits might reach $22 billion by 2025, considering the government’s notable effort to diversify revenue streams amid declining oil prices.
