In Numbers: An Expert Reveals The Size Of Oil And Non-Oil Revenues And The Financial Deficit In Iraq
Baratha News Agency186 2025 Economic expert Haider Al-Sheikh revealed on Sunday (November 30, 2025) the latest figures related to oil and non-oil revenues, in addition to the size of the financial deficit that Iraq is facing during the current year. The sheikh said in a press statement that oil export revenues during the past ten months amounted to 89 trillion dinars, and are expected to rise to 105 trillion dinars by the end of the year.
He added that “non-oil revenues will reach 13 trillion dinars by the end of the year.”
The sheikh explained that “approximately 80 trillion dinars of the total annual revenues are spent on the salaries of employees and retirees and the social protection network, while the remainder goes to the state’s general expenditures.”
He pointed to “a financial deficit estimated at 30 trillion dinars,” attributing this to “the size of current spending and the government’s inability to disburse the dues and requirements of a number of ministries, most notably the Ministry of Health, due to the budget schedules not being approved yet.”
For years, the Iraqi economy has been heavily reliant on oil revenues, which constitute more than 90% of the country’s resources, making public finances highly vulnerable to fluctuations in global oil prices. Although the government has announced plans in recent years to increase non-oil revenues, their contribution remains limited and insufficient to meet the growing needs of public spending.
The budget also depends on the salaries and social transfers section, which represents the largest expenditure item, while the service ministries suffer from a lack of funding and continued delays in disbursing their dues due to the failure to approve the detailed budget schedules. https://burathanews.com/arabic/economic/468385
Iraq Is The Third Largest Supplier Of Oil To America Last Week
Sunday, November 30, 2025 | Economy Number of views: 271 Baghdad/ NINA / Iraq ranked third among the top oil exporters to the United States last week, marking a significant increase, according to figures released Sunday by the U.S. Energy Information Administration (EIA).
The EIA reported that “U.S. crude oil imports averaged 5.692 million barrels per day (bpd) last week from eight major countries, up 335,000 bpd from the previous week’s 5.337 million bpd.” The report
added that “Iraq’s oil exports to the U.S. averaged 378,000 bpd, up 286,000 bpd from the previous week’s 92,000 bpd, placing it third among oil exporters to the United States.”
The EIA also noted that “the largest share of U.S. oil imports last week came from Canada, followed by Mexico, Colombia, and Brazil.”
According to the table, “US crude oil imports continued from Nigeria, Saudi Arabia, and Venezuela, while no imports came from Ecuador or Libya last week.” /End https://ninanews.com/Website/News/Details?key=1264416
The Central Bank Determines The Size Of Iraq’s Internal And External Debts.
Banks Economy News — Baghdad The Central Bank of Iraq confirmed that Iraq’s debts are to cover the operational deficit and do not pose a direct threat to the economy.
Central Bank spokesman Alaa Al-Fahd told the official newspaper that “all countries, including the United States of America, have internal and external debts,” explaining that debts are not considered negative for the economy if they are directed towards investment spending, because they generate additional income.
He continued, “The debts in Iraq are to cover the deficit in the operational budget, meaning they are directed towards consumption, and therefore they are a future constraint for paying the debt, its installments and interest.”
Al-Fahd identified three ways to address the country’s debt, most notably diversifying non-oil revenues, increasing investments, and partnering with the private sector, which could reduce dependence on oil, while acknowledging the difficulty of achieving the latter option in a short period of time.
He explained that the external debt amounts to $13 billion, while the internal debt amounts to 91 trillion dinars, noting that a large part of it can be dealt with because the banks are government-owned and state-owned, ruling out that these debts pose any danger to the economic reality, but continuing to rely on debt constitutes a warning bell.
https://economy-news.net/content.php?id=62875
Government Direction To Enhance Digital Transformation And Improve The Efficiency Of Official Transactions
Money and Business Economy News — Baghdad The General Secretariat of the Council of Ministers directed on Sunday that government mail services continue to operate in support of the digital transformation process.
The Secretariat stated in a statement received by “Al-Eqtisad News” that “the Administrative and Financial Department in the General Secretariat of the Council of Ministers has directed all ministries, non-ministerial entities, and governorates to continue official correspondence within the government mail system instead of paper procedures, in line with the government’s direction towards digital transformation.”
She added that “this directive came within the framework of the efforts overseen by the Secretary-General of the Council of Ministers, aimed at promoting digital transformation as an approved course of action in state institutions, as well as simplifying administrative procedures, raising the efficiency of completing transactions, and creating a more effective work environment that is characterized by transparency and accuracy in data handling and archiving, which contributes to improving the quality of services provided to citizens.” https://economy-news.net/content.php?id=62876
A Slight Decrease In The Dollar Exchange Rate In Baghdad
Economy | 11:00 – 30/11/2025 Mawazin News – Baghdad: The exchange rate of the US dollar saw a slight decline in Baghdad’s markets on Sunday. The rate at the Al-Kifah and Al-Harithiya exchanges fell to 142,200 Iraqi dinars per 100 US dollars, down from 142,250 dinars the previous day.
Buying and selling prices also decreased at local currency exchange shops, with the selling price reaching 143,250 dinars and the buying price 141,250 dinars. https://www.mawazin.net/Details.aspx?jimare=270973
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com
 the latest...){kind=link}