2024-02-24T13:51:38+00:00
A-
A
A+
/ Data issued by the Iraqi state revealed that Iraq’s actual revenues decreased by 16% in total for the year 2023, with oil revenues declining by 19% compared to 2022, and non-oil revenues increasing by 39%.
Iraq’s total oil revenues last year amounted to 117 trillion Iraqi dinars, down from 153 trillion dinars in 2022.
While non-oil revenues for the same year amounted to 11.25 trillion dinars, up from 2022, which was 8 trillion Iraqi dinars.
As for expenditures, total government expenditures rose to 142 trillion Iraqi dinars in 2023, of which 24 trillion dinars are investment expenditures, and the rest are current expenditures and debt services, while government expenditures for the year 2022 amounted to 116.9 trillion Iraqi dinars, of which investment expenditures represented 12 trillion Iraqi dinars.
Current expenditures for the year 2023 amounted to 106.7 trillion dinars, an increase of 11.5% over 2022, when their value was 95.7 trillion dinars.
The wage bill increased by 8% to reach 47 trillion dinars in 2023, after it was 43 trillion Iraqi dinars in 2022.
Based on the data, the state’s actual deficit for the year 2023 amounted to 11 trillion Iraqi dinars, while Iraq achieved a surplus in 2022 amounting to 29 trillion dinars, and the 2023 deficit was covered from the surplus carried over from the year 2022.