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Shafaq News/ The accounts of the Iraqi state for the month of January for the fiscal year 2023 showed that the volume of financial revenues amounted to more than 7 trillion dinars, while it showed that the contribution of oil to the federal budget amounted to 96%.
Shafaq News agency followed data and tables issued by the Iraqi Ministry of Finance regarding the accounts of last January of 2023, which showed that oil is still the main resource for Iraq's general budget, reaching 96%, which indicates that the rentier economy is the basis for Iraq's general budget.
And through those financial tables, it appears that the total revenues until January amounted to 7 trillion and 704 billion and 682 million and 471 thousand and 813 dinars, after excluding the transfer revenues from them, which amounted to 2 trillion and 955 billion and 608 million and 708 thousand dinars, and it also showed that the total expenditures With advances, it amounted to 5 trillion and 731 billion and 312 million dinars.
According to the financial table, oil revenues amounted to 10 trillion and 285 billion and 546 million and 454 thousand dinars, which constitute 96% of the general budget, while non-oil revenues amounted to 374 billion and 744 million and 725 thousand dinars.
The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, attributed during an interview with Shafaq News agency, in March 2021, the reasons for the survival of the Iraqi economy as a rentier, to "wars and the imposition of siege during the past era and the political conflicts we are witnessing today," and indicated that this led to "a dispersal of resources." Economic".
And the continuation of the Iraqi state to rely on oil as the sole source of the general budget makes the country in danger from global crises that occur from time to time due to the impact of oil on it, which makes Iraq tend every time to cover the deficit by borrowing from abroad or from the inside, and thus indicates the inability to manage State funds effectively, and the inability to find alternative financing solutions.
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