The Iraqi Ministry of Finance discovered on Tuesday that Iraq’s economic sales between January and July 2025 exceeded seventy two.35 trillion Iraqi dinars ($fifty five.22 billion).
according to figures released by using the Finance Ministry, revenues generated from oil exports extended through 90 percentage over the previous month, Shafaq news said.
Oil export earnings totaled more or less 64.96 trillion Iraqi dinars ($49.57 billion), whilst non-oil sales were 7.seventy five trillion Iraqi dinars ($five.ninety one billion).
the full expenditures for the same time have been sixty four.27 trillion Iraqi dinars ($49.06 billion).
Iraq’s financial system is pretty dependent on oil exports, making it at risk of fluctuations inside the commodity’s fee on a global scale. as an instance, the 2024 budget is based totally on an oil charge of $70 per barrel, that’s decrease than previous projections and takes into account the persevering with instability of the oil marketplace.
The high Minister’s marketing consultant for economic Affairs, Mazhar Saleh, said earlier that even as 2024 became stable, expected earnings deficits in 2025 will necessitate greater financial manipulate.
Non-oil revenue is predicted to boom dramatically. The Iraqi Parliamentary Finance Committee has projected that non-oil profits would possibly attain $22 billion with the aid of 2025, thinking about the government’s excellent effort to diversify revenue streams amid declining oil costs.
