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A Step Back... An Economist Indicates A Decline In Non-Oil Revenues
04/03/2023
1793
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Earth News / The economist, Nabil Al-Marsoumi, indicated today, Saturday, that there is a decrease in non-oil revenues.
Al-Marsoumi stated in a clarification, followed by Earth News, that “oil revenues for the year 2021 = 96.622 trillion dinars, non-oil revenues for the year 2021 = 12.495 trillion dinars, and the ratio of non-oil revenues to public revenues = 11%.”
He added, "Oil revenues for the year 2022 = 154.038 trillion dinars, and non-oil revenues for the year 2022 = 7.658 trillion dinars. The ratio of non-oil revenues to public revenues = 5%."
He pointed out that “the decrease in the proportion of non-oil revenues to total revenues from 11% in 2021 to 5% in 2022 is not only related to the significant increase in oil revenues, but also to the significant decrease in non-oil revenues from 12.495 trillion dinars in 2021 to 7.658 trillion dinars, which is An indication of the failure of government reform efforts to diversify sources of income in Iraq.
He pointed out that "this constitutes a major challenge for the Sudanese government in implementing its government program, which refers in one of its paragraphs to reducing the percentage of oil revenue contribution to public revenues to 80%, i.e. raising the percentage of non-oil revenues to 20% of public revenues within a period of 3 years."
[You must be registered and logged in to see this link.]
04/03/2023
1793
[You must be registered and logged in to see this link.]
Earth News / The economist, Nabil Al-Marsoumi, indicated today, Saturday, that there is a decrease in non-oil revenues.
Al-Marsoumi stated in a clarification, followed by Earth News, that “oil revenues for the year 2021 = 96.622 trillion dinars, non-oil revenues for the year 2021 = 12.495 trillion dinars, and the ratio of non-oil revenues to public revenues = 11%.”
He added, "Oil revenues for the year 2022 = 154.038 trillion dinars, and non-oil revenues for the year 2022 = 7.658 trillion dinars. The ratio of non-oil revenues to public revenues = 5%."
He pointed out that “the decrease in the proportion of non-oil revenues to total revenues from 11% in 2021 to 5% in 2022 is not only related to the significant increase in oil revenues, but also to the significant decrease in non-oil revenues from 12.495 trillion dinars in 2021 to 7.658 trillion dinars, which is An indication of the failure of government reform efforts to diversify sources of income in Iraq.
He pointed out that "this constitutes a major challenge for the Sudanese government in implementing its government program, which refers in one of its paragraphs to reducing the percentage of oil revenue contribution to public revenues to 80%, i.e. raising the percentage of non-oil revenues to 20% of public revenues within a period of 3 years."
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