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Shafaq News/ The Ministry of Finance issued the accounts of the Iraqi state for the month of March for the fiscal year 2023, which indicated that the volume of financial revenues in the Iraqi budget amounted to more than 27 trillion dinars, while it showed that the contribution of oil to the federal budget is still 96%.
Shafaq News agency followed the data and tables issued by the Ministry of Finance in the current month of May for the accounts of last March 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 budget. the public.
And through the financial tables, it showed that the total revenues until March amounted to 27 trillion and 236 billion and 213 million and 462 thousand and 818 dinars, after excluding from them the transfer revenues amounting to two trillion and 115 billion and 930 million and 623 thousand dinars, explaining that the total expenditures with advances amounted to 20 trillion and 144 billion and 515 One million and 86 thousand dinars.
According to the finance table, oil revenues amounted to 28 trillion, 252 billion, 445 million, 810 thousand and 436 dinars, which constitute 96% of the general budget, while non-oil revenues amounted to 1 trillion, 150 billion, 448 million, 652 thousand, 381 dinars.
The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed in March 2021, in an interview with Shafaq News agency, that the reasons for the economy to remain a rentier go back to wars and the imposition of siege during the past era, and what we are witnessing today of political conflicts, which led to the dispersion of economic resources.
And the continuation of the Iraqi state relying on oil as the sole source of the general budget puts Iraq in danger from global crises that occur from time to time due to the impact of oil on them, which makes Iraq tend every time to cover the deficit through 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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