Finance: Our revenues in 6 months exceeded 54 trillion dinars
Economical 2023/08/21
[You must be registered and logged in to see this image.]
Baghdad: Al-Sabah,
the Ministry of Finance said, yesterday, Sunday, that the country’s revenues during the first six months of the year 2023 amounted to more than 54 trillion dinars, indicating that the contribution of oil to the federal budget rose to 97%, while an expert considered that the country’s economy is similar to the “Dutch disease.” ».
According to the data and tables issued by the Ministry of Finance in the current month of August for the semi-annual accounts of the year 2023, it showed that oil is still the main resource for Iraq's general budget, reaching 97%, which indicates that the rentier economy is the basis for Iraq's general budget.
The financial tables indicated that the total revenues for the month of May amounted to 54 trillion and 308 billion and 339 million and 824 thousand and 760 dinars, after excluding the transfer revenues of two trillion and 142 billion and 885 million and 417 thousand dinars, indicating that the total expenditures with advances amounted to 46 trillion and 484 billion and 966 million and 743 Thousand dinars.
According to the financial tables, oil revenues amounted to 35 trillion and 887 billion and 299 million and 711 thousand and 339 dinars, which constitute 97% of the general budget, while non-oil revenues amounted to two trillion and 534 billion and 765 million and 62 thousand and 152 dinars.
For his part, economist Bassem Jamil Antoine says, “The Iraqi economy is a rentier economy, and this economy is neither investment nor productive, and therefore it creates a kind of dependence called (Dutch disease), so we see hundreds of thousands of young people unemployed because the government depends on oil sales to get by.” Things and this represents a major imbalance in the economy ».
He continued, "In the event of a contraction in oil prices, the economy will be in the news," noting that "countries whose rentier economies collapsed over time."
He added, "The revenues that come from the sale of oil should not be distributed entirely on salaries and allocations and tamper with them, but rather create productive projects that operate the industrial and agricultural sectors, provide water and electricity, and provide productive capacities for youth and train them to work and produce."
Antoine pointed out that "the state needs broad economic plans run by people with economic competence and experts with experience, while eliminating rampant corruption, which has become a scourge in the Iraqi economy."
The “Dutch disease” is a concept that describes an economic phenomenon in which the rapid development of one sector of the economy (particularly natural resources) leads to a decline in other sectors.
The “Dutch disease” is a paradoxical case, in which good news for one sector of the economy, such as the discovery of natural resources, leads to a negative impact on the overall economy of the country.
[You must be registered and logged in to see this link.]
Today at 5:15 am by Rocky
» utube 11/21/24 MM&C MM&C News Reporting-Global Trade-Best Route in World-Purchase Power-Justice-Cen
Today at 5:08 am by Rocky
» Koger: The budget schedules have not reached us yet, and we will start the sessions as soon as they
Today at 5:06 am by Rocky
» MP calls for activating China's Belt and Road Initiative economy
Today at 5:03 am by Rocky
» Al-Baldawi: Political will controls the fate of the ministerial amendment
Today at 5:02 am by Rocky
» Al-Lami: US bases in Iraq represent a military arsenal to protect the entity
Today at 5:01 am by Rocky
» Iraq sends "identical" messages to international and Arab parties regarding Israeli threats
Today at 4:59 am by Rocky
» Iraqi parliament resumes sessions on Monday with 'important' laws
Today at 4:58 am by Rocky
» The Central Bank of Iraq sells more than $894 million in three days
Today at 4:56 am by Rocky
» With the participation of the private sector.. Iraq studies a project to establish a large medical c
Today at 4:55 am by Rocky
» OPEC Secretary General: Crude Oil and Natural Gas are 'Gifts from God'
Today at 4:53 am by Rocky
» How much did the census cost in Iraq?
Today at 4:52 am by Rocky
» Türkiye hints at “good news” regarding Kurdistan oil exports.. What about the development path?
Today at 4:51 am by Rocky
» Minister of Education: Project No. 1 has reached its final stages and new schools will be announced
Today at 4:45 am by Rocky
» With Al-Mashhadani's support... Parliamentary move to activate the oversight role during the upcomin
Today at 4:44 am by Rocky
» Israel sends messages to Iraq: An expected strike and no options for deterrence
Today at 4:43 am by Rocky
» A government bank in Karbala embezzles installment amounts paid by a number of borrowers
Today at 4:41 am by Rocky
» Iraqi government begins measures to prevent oil “smuggling” from Kurdistan
Today at 4:40 am by Rocky
» Iraq sends "identical" messages to international and Arab parties regarding Israeli threats
Today at 4:39 am by Rocky
» Al-Araji: The international coalition has great credit in helping Iraq defeat ISIS
Today at 4:38 am by Rocky
» Dollar price stability in Iraq
Today at 4:37 am by Rocky
» Trade announces a special application for the ration card that determines the mechanism for families
Today at 4:35 am by Rocky
» Iraqi exhibitions participate in the UFI conference in Germany
Today at 4:34 am by Rocky
» Industry: A plan to increase battery production and cover the needs of the local market
Today at 4:32 am by Rocky
» Health: We are studying the establishment of medical cities in Baghdad and the governorates with the
Today at 4:32 am by Rocky
» Foreign Minister: The government has taken internal and external steps regarding the threats of the
Today at 4:31 am by Rocky
» Immigration: Report to be submitted next month to curb illegal immigration
Today at 4:30 am by Rocky
» The Arab League will hold a meeting next Sunday to confront the threats of the Zionist entity, at th
Today at 4:29 am by Rocky
» Iraq comments on the threats of the Zionist entity
Today at 4:27 am by Rocky
» Al-Mandlawi: The International Court’s decision to arrest Netanyahu and his defense minister is a st
Today at 4:26 am by Rocky
» Supreme Census Authority: End of the second phase of the population census
Today at 4:24 am by Rocky
» An inside look at Iraq’s “fuel smuggling market”: New developments and smugglers “suffering”
Today at 4:21 am by Rocky
» Find out the dollar exchange rates in the Iraqi stock exchanges
Today at 4:20 am by Rocky
» New embezzlement operations revealed in a government bank in Karbala
Today at 4:19 am by Rocky
» Officially.. The Supreme Authority for Population Census sets the date for announcing the results
Today at 4:17 am by Rocky
» Prime Minister: It is hoped that the remaining 1,000 schools will be completed within two months - U
Today at 4:15 am by Rocky
» utube 11/19/24 MM&C Report-Census-Global Transparency-Budget-Trade-Banking-Delete the Ze
Yesterday at 5:00 am by Rocky
» Barzani: The relationship with Baghdad is good and no problem can be solved by force
Yesterday at 4:58 am by Rocky
» Al-Mashhadani: The international system today is “fluid and in crisis” and the Middle East crisis is
Yesterday at 4:57 am by Rocky
» Legal Center: Iraq is the fourth Arab country in child labor and there is a need to legislate a law
Yesterday at 4:56 am by Rocky
» Democratic: The new regional government is a coalition and one step away from negotiations to form i
Yesterday at 4:55 am by Rocky
» Parliament resumes its sessions next week... and clarification of the mechanism for extending its le
Yesterday at 4:54 am by Rocky
» A member of the Patriotic Union of Kurdistan stresses the need to pass the Kurdistan budget law, whi
Yesterday at 4:52 am by Rocky
» Framework warns: Agreement with Washington will be at stake if Iraq is bombed
Yesterday at 4:48 am by Rocky
» Protecting Iraq is an American duty: Security agreements are not just ink on paper
Yesterday at 4:46 am by Rocky
» Moderate leaders...are they able to guide the path at a regional crossroads?
Yesterday at 4:45 am by Rocky
» Politician reveals political agreements to vote on personal status law
Yesterday at 4:42 am by Rocky
» US report shows the importance of the population census in Iraq: It will reshape this map
Yesterday at 4:40 am by Rocky
» Dollar-Dinar Exchange Rate Gap: Causes and Treatments
Yesterday at 4:30 am by Rocky
» The Fifth Forum for Peace and Security in the Middle East kicks off in Dohuk with the participation
Yesterday at 4:28 am by Rocky
» Planning for / Nina /: The census results will be announced at this time and we implemented the proj
Yesterday at 4:26 am by Rocky
» Former MP: Worrying circumstances accompanied the population census process in Basra
Yesterday at 4:25 am by Rocky
» MP Hassan Al-Asadi brings good news to a group of those covered by Article 140
Yesterday at 4:22 am by Rocky
» Economist: Total cost of general population census reached 951 billion dinars
Yesterday at 4:20 am by Rocky
» Israel's complaint against Iraq.. a prelude to an expected military action - Urgent
Yesterday at 4:19 am by Rocky
» Mahmoud Al-Mashhadani: What is happening today in the Middle East is a “vital area for the second Na
Yesterday at 4:18 am by Rocky
» The complex of forming the regional government is exacerbated by the adherence to the “old faces”
Yesterday at 4:16 am by Rocky
» Bitcoin hits new record
Yesterday at 4:12 am by Rocky
» Prime Minister's Advisor: National Development Plan 2024-2028 depends on census results
Yesterday at 4:10 am by Rocky
» Al-Abadi responds to Senator Lindsey Graham's statement: Incites new conflicts and wars
Yesterday at 4:08 am by Rocky
» War developments portend danger in Iraq.. Israeli threatening messages arrived via a regional state
Yesterday at 4:07 am by Rocky
» Controversy over Kurdish citizens entering Kirkuk before the population census.. What's the story?
Yesterday at 4:05 am by Rocky
» MP reveals date of passing general amnesty and personal status laws
Yesterday at 4:04 am by Rocky
» Economist: The census will lead to an increase in the share of some governorates in regional develop
Yesterday at 4:03 am by Rocky
» Al-Sudani directs to equip border forces with modern weapons and secure all their requirements
Yesterday at 3:59 am by Rocky
» Iraqi government: We are making great efforts to control the influence of factions inside Iraq
Yesterday at 3:57 am by Rocky
» utube 11/18/24 US President Donald Trump Statement About Iraqi Dinar New RateIraqi Dinar News
Thu 21 Nov 2024, 5:01 am by Rocky
» Mazhar Saleh: Population census is the basis for achieving optimal development
Thu 21 Nov 2024, 4:51 am by Rocky
» Setting the date for announcing the preliminary results of the population census
Thu 21 Nov 2024, 4:49 am by Rocky
» Kurdish MP: Population census will affect all governorates financially
Thu 21 Nov 2024, 4:48 am by Rocky
» Between Israeli accusations and Baghdad's position: Is Iraq heading towards an international confron
Thu 21 Nov 2024, 4:46 am by Rocky
» Al-Sudani renews his directives on the necessity of completing service projects within the previousl
Thu 21 Nov 2024, 4:44 am by Rocky
» Political movement calls on parliament to strike dens of corruption
Thu 21 Nov 2024, 4:42 am by Rocky
» MP criticizes the Foreign Ministry's performance towards the Turkish occupation
Thu 21 Nov 2024, 4:41 am by Rocky
» Parliamentary Economy Committee criticizes the government’s withdrawal of the Public-Private Partner
Thu 21 Nov 2024, 4:40 am by Rocky
» Before the vote... Washington moves its agendas to prevent the approval of the personal status law
Thu 21 Nov 2024, 4:39 am by Rocky
» Al-Maliki: The Zionist entity seeks to strike Iraq through its expansionist war
Thu 21 Nov 2024, 4:37 am by Rocky
» MP identifies 3 black images of the American role in the Middle East
Thu 21 Nov 2024, 4:36 am by Rocky
» Where is the Baghdad-Washington agreement? The Zionist entity provokes Iraq and threatens to bomb it
Thu 21 Nov 2024, 4:35 am by Rocky
» Durable goods are an open option for citizens.. Planning indicates a high response to the population
Thu 21 Nov 2024, 4:34 am by Rocky
» Parliamentary Legal: The regional government is trying to change the demographics of Kirkuk to regai
Thu 21 Nov 2024, 4:33 am by Rocky
» Arrest warrant issued for Anbar Council member for involvement in corruption and terrorism cases
Thu 21 Nov 2024, 4:32 am by Rocky
» Al-Sudani directs continued payment of wages to workers on a "daily wage" during the two days of the
Thu 21 Nov 2024, 4:29 am by Rocky
» What is the relationship between the population census and the national development plan? Al-Sudani’
Thu 21 Nov 2024, 4:28 am by Rocky
» Iraq's seaborne crude oil exports decline
Thu 21 Nov 2024, 4:26 am by Rocky
» Will the population increase the number of representatives in Iraq?
Thu 21 Nov 2024, 4:25 am by Rocky
» In cooperation with the United Nations Population Fund.. The first population census in Iraq in more
Thu 21 Nov 2024, 4:23 am by Rocky
» Jordanian company completes strategic submersible pumps project in Iraq
Thu 21 Nov 2024, 4:21 am by Rocky
» Rasool: The government is pursuing anyone involved in activities that threaten Iraq's security
Thu 21 Nov 2024, 4:19 am by Rocky
» US military creates air bridge from Iraq to Syria
Thu 21 Nov 2024, 4:16 am by Rocky
» Al-Sudani, Putin discuss Middle East issues amid unprecedented escalation of tension in the region
Thu 21 Nov 2024, 4:14 am by Rocky
» Know the secrets of the Iraqi house.. Baghdad demands that Washington deter Israel
Thu 21 Nov 2024, 4:13 am by Rocky
» On the second day of the curfew, Al-Sudani tours Baghdad and “meets citizens”
Thu 21 Nov 2024, 4:11 am by Rocky
» Planning: Slums are counted as a fact in the population census
Thu 21 Nov 2024, 4:10 am by Rocky
» Despite problems, Iraq and Turkey agree to increase trade exchange
Thu 21 Nov 2024, 4:09 am by Rocky
» Iraqi regions detect drones.. and Washington informs Baghdad of "exhausting" its pressure on the ent
Thu 21 Nov 2024, 4:04 am by Rocky
» Bitcoin breaks $97,000 barrier for the first time in its history
Thu 21 Nov 2024, 4:02 am by Rocky
» A difference of more than two million people: Iraqi or international estimates? Who will prove the a
Thu 21 Nov 2024, 4:01 am by Rocky
» In numbers.. UAE exports to Iraq grow significantly
Thu 21 Nov 2024, 3:59 am by Rocky