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The country's revenues exceed 36 trillion dinars in 4 months
Economical 2023/06/22
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Al-Sabah
The Ministry of Finance issued the accounts of the Iraqi state from January until last April for the fiscal year 2023, which indicated that the volume of financial revenues in the Iraqi budget amounted to more than 36 trillion dinars, while confirming the contribution of oil to the federal budget is still 95.5%, in When an economist warned against slipping into the
Venezuelan experience.
And through the financial tables, it indicated that the total revenues as of April amounted to 36 trillion and 153 billion and 969 million and 806 thousand and 678 dinars, after excluding from them the transfer revenues of two trillion and 34 billion and 83 million and 735 thousand dinars, explaining that the total expenditures with advances amounted to 28 trillion and 284 billion. And 233 million and 222 thousand
dinars.
According to the finance table, oil revenues amounted to 36 trillion 606 billion 564 million 127 thousand 565 dinars, which constitute 95.63% of the general budget, while non-oil revenues amounted to 1 trillion 581 billion 489 million 414 thousand 153 dinars
.
For his part, economic expert Muhammad al-Hassani said in a press interview: "The survival of the Iraqi economy as a rentier without treatment would slip towards Venezuela's economic experience, which had negative effects on the economy." He added that "the term" resource curse "was applied to countries that depend on a
source One for revenues, and it is often crude oil in managing its economic resources that tend to achieve lower economic growth and unacceptable development results.
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