economic professional, Qusay Safwan, announced that Iraq wishes 300 trillion dinars in non-oil revenues from all sectors to reinforce its financial system.
Safwan told {dinaropinions.com} that: “Iraq wishes 300 trillion dinars in non-oil sales from all sectors, which requires a re-evaluation of presidency overall performance to make certain that federal ministries are extra efficient in imparting services and items.”
He delivered that “Iraq’s oil coverage is consistent with OPEC’s strategy,” noting that “Iraq agreed to a voluntary discount in oil production by way of 2 hundred,000 barrels in keeping with day,” noting that “the charge of a barrel that changed into calculated in the budget is $70, and if the charge increases via one dollar, Iraq can gather an extra million bucks annually.”
Safwan explained that “oil is currently offered for extra than $79, which contributed to growing sales way to the voluntary reduction that raised expenses on the worldwide market,” noting that “Iraq presently produces approximately three.3 million barrels per day, and with those expenses, the focused revenues can be completed.”
The financial expert additionally touched on “the government and the Ministry of Oil’s efforts to reduce waste in related fuel and use it better, similarly to reducing the import of oil derivatives and working refineries at their most potential.”
He talked about that “the Iraqi government, led with the aid of top Minister Mohammed Shia al-Sudani, is critical approximately enhancing non-oil revenues, mainly through the strength sector and accumulating sales from the Kurdistan vicinity.”