The Parliamentary Finance Committee expected that an amount of a hundred and fifty trillion dinars might be enough to manage the federal price range for the year 2025, with the need for the authorities to take measures to ensure its stability in mild of expectations of a decline in oil costs.
Committee member, Moeen Al-Kazemi, informed {dinaropinions.com} that: “A decrease in oil prices is predicted, however the government have to take critical measures, the primary of which is to post realistic price range tables with an amount of 150 trillion dinars, that is enough to run the u . s . a . till 2025.”
He defined, “The expenses that happened for 2024 are 156 trillion dinars, and if the 2025 finances is at a ceiling of one hundred fifty or a hundred and sixty trillion dinars, it can be furnished thru oil sales, even if they lower, furnished that there may be a real fashion from the authorities, parliament, political events and the famous hundreds towards maximizing non-oil revenues from customs, taxes, the Communications and Media Authority, and so on in regards to collection.”
Al-Kazemi defined that “the authorities treasury’s proportion of the revenues of profitable organizations such as the Navigation and airlines Authority and the Ministry of Oil has been extended, similarly to monetary resources carried out by the ministries, including the Ministry of interior on my own, which has revenues of as much as 1000000000000 dinars, and it need to have an account and be covered within the nation treasury.”
Al-Kadhimi pressured “the importance of the government and the specialized committees inside the residence of Representatives following up on the implementation of the authorities program aimed at elevating non-oil revenues,” noting “the possibility of increasing it to 30 trillion dinars instead of the 15 trillion dinars done in 2024, provided that this approach is followed annually to attain 50% of the finances primarily based on non-oil sales.”
