Parliamentary Finance: Non-oil budget revenues will reach 30 trillion dinars next year

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Parliamentary Finance: Non-oil budget revenues will reach 30 trillion dinars next year

The Parliamentary Money Panel expected, on Sunday, that non-oil incomes in the 2025 financial plan would arrive at 30 trillion dinars, addressed by power assortment, charges, and incomes from the Baghdad Region and every civil office.

“The Parliamentary Finance Committee held a meeting today, in which it hosted the Minister of Finance, Taif Sami, the heads of the tax and customs authorities, and the general managers of the Ministry of Finance, to discuss the general budget law and oil and non-oil financial revenues,” Moeen Al-Kadhimi, a member of the Parliamentary Finance Committee, stated.

He continued, “Oil revenues are settled, but as for non-oil revenues, it has been emphasized that government departments should be activated, including electricity in the field of collection, the Baghdad Municipality, and other municipal departments, in addition to the services provided to tax committees,” and “others that would increase non-oil revenues”

He explained, “The government program mentioned the activation of non-oil revenues but was not implemented.” In 2025, it is anticipated that oil revenues will reach 120 trillion dinars, while non-oil revenues—which include customs, taxes, electricity collection, and government services—will reach 30 trillion dinars.