Baghdad (IraqiNews.com) – Iraq’s Ministry of Finance reported that the country’s financial revenues surpassed 135.32 trillion Iraqi dinars ($103.26 billion) during the first 11 months of 2024.
According to data released in February 2025, oil revenues accounted for approximately 88 percent of total earnings, reinforcing oil as the primary contributor to Iraq’s general budget.
Between January and November 2024, Iraq generated 119.33 trillion Iraqi dinars ($91.06 billion) from oil exports, while non-oil revenues reached 16.29 trillion Iraqi dinars ($12.43 billion), making up 12 percent of the national budget.
Prime Ministerial Advisor for Financial Affairs, Mazhar Saleh, noted that while 2024 remained financially stable, projected income deficits in 2025 will require tighter fiscal management.
Meanwhile, non-oil revenue is expected to rise significantly. The Iraqi Parliamentary Finance Committee estimates that non-oil income could reach $22 billion in 2025, driven by government efforts to diversify revenue sources amid fluctuating oil prices.
