Home
For the first time...non-oil revenues recorded an increase of 11%
July 11, 2024
Economy / Iraq Obzirfar
A report of economic studies and consultations revealed today, Thursday, that
it is the first time in the Iraqi state’s revenues that non-oil revenues have recorded an increase of 11% of total revenues, while oil revenues have fallen below the 90% barrier. The report, which was followed by “Iraq Observer,” said,
“For the first time, Iraq’s non-oil revenues recorded an increase of approximately 11% of total revenues, and oil revenues fell below the 90% barrier.” He added,
"Non-oil revenues for the first five months of the year recorded an amount of 6.24 trillion Iraqi dinars, while oil revenues for the first five months of the current year recorded an amount of 48.4 trillion Iraqi dinars." He continued,
“Revenues from taxes on income and wealth rose by 118%,
revenues from commodity taxes and production duties rose by 285%,
revenues from duties rose by 50%, while
oil revenues rose by 6.4%.” He stated,
“The increase in non-oil revenues is an achievement of economic reform policies and mechanisms for controlling taxes and customs tariffs.” He expected that
“the total non-oil revenues for the year 2024 will amount to 15 trillion Iraqi dinars,
but they are far from the plan in the 24 budget tables, amounting to 27 trillion dinars.”
[You must be registered and logged in to see this link.]
July 11, 2024
Economy / Iraq Obzirfar
A report of economic studies and consultations revealed today, Thursday, that
it is the first time in the Iraqi state’s revenues that non-oil revenues have recorded an increase of 11% of total revenues, while oil revenues have fallen below the 90% barrier. The report, which was followed by “Iraq Observer,” said,
“For the first time, Iraq’s non-oil revenues recorded an increase of approximately 11% of total revenues, and oil revenues fell below the 90% barrier.” He added,
"Non-oil revenues for the first five months of the year recorded an amount of 6.24 trillion Iraqi dinars, while oil revenues for the first five months of the current year recorded an amount of 48.4 trillion Iraqi dinars." He continued,
“Revenues from taxes on income and wealth rose by 118%,
revenues from commodity taxes and production duties rose by 285%,
revenues from duties rose by 50%, while
oil revenues rose by 6.4%.” He stated,
“The increase in non-oil revenues is an achievement of economic reform policies and mechanisms for controlling taxes and customs tariffs.” He expected that
“the total non-oil revenues for the year 2024 will amount to 15 trillion Iraqi dinars,
but they are far from the plan in the 24 budget tables, amounting to 27 trillion dinars.”
[You must be registered and logged in to see this link.]
