Baghdad (IraqiNews.com) – The Iraqi Ministry of Finance revealed on Saturday that the country’s financial revenues between January and November 2025 surpassed 114 trillion Iraqi dinars (approximately $87.7 billion).
Figures released by Iraq’s Finance Ministry in January for the first 11 months of 2025 demonstrated that financial revenues generated from oil exports have slightly declined, showing that oil exports’ contribution to the general budget decreased to 88 percent.
Iraq’s overall financial revenues reached approximately 114.04 trillion Iraqi dinars (approximately $87.7 billion) in the first 11 months of 2025.
Financial revenues generated from oil exports reached 100.56 trillion Iraqi dinars (almost $77.38 billion), accounting for 88 percent of the country’s budget, while non-oil income totaled 13.48 trillion Iraqi dinars ($10.37 billion).
Iraq’s economy is heavily dependent on oil exports, making it subject to global price changes. For example, the 2024 budget was predicated on an oil price of $70 per barrel, which is lower than earlier predictions and reflects the oil market’s continued uncertainty.
Mazhar Saleh, the Prime Minister’s Advisor for Financial Affairs, had stated that, while 2024 was steady, predicted income deficits in 2025 will need more monetary control. Non-oil revenue is likely to rise considerably.
The Iraqi Parliamentary Finance Committee predicted that non-oil revenues would reach $22 billion in 2025, citing the government’s significant efforts to diversify revenue streams amid falling oil prices.
