financial statistics showed that Iraq’s total revenues for the duration till the stop of November 2024 amounted to one hundred thirty five.3 trillion dinars, as compared to costs of 136.4 trillion dinars, recording a monetary deficit of 1.1 trillion dinars.
evaluating the figures with the identical duration in 2023, oil sales elevated from 111.three trillion dinars to 117 trillion dinars in 2024, at the same time as tax and customs sales accelerated from 5.2 trillion to 7 trillion dinars, and different sales from four.6 trillion to 11 trillion dinars.
however, fees rose at a faster pace than sales, attaining 136.four trillion dinars in 2024 compared to 109.7 trillion dinars in 2023, moving Iraq from a monetary surplus of eleven.5 trillion dinars in 2023 to a deficit in the course of the modern-day year.
in comparison to 2022, oil sales witnessed a great decline from 142 trillion dinars to 117 trillion dinars in 2024, even as tax and customs sales elevated from 3.five trillion to 7 trillion dinars, and different revenues from four trillion to 11 trillion dinars.
fees in 2022 amounted to approximately 89.7 trillion dinars, recording a surplus of fifty nine.eight trillion dinars.
The data suggests a gradual decline within the monetary surplus from 59.8 trillion dinars in 2022 to 11.five trillion dinars in 2023, then becoming a deficit of 1.1 trillion dinars in 2024, with annual expenditures continuing to upward thrust at a charge that exceeds revenue growth.
