Iraq’s financial revenues exceed 8 trillion dinars during the month
The Ministry of Finance revealed on Monday that the volume of Iraqi revenues in the federal budget during January 2026 exceeded 8 trillion dinars.
Shafaq News Agency followed up on the data and tables issued by the Ministry of Finance this April for the accounts of January 2026, which showed total revenues amounting to 8 trillion, 537 billion, 96 million, 679 thousand, and 517 dinars, an increase of 6% compared to the same period of 2025, which amounted to 8 trillion, 40 billion, and 323 million dinars.
According to the financial tables, oil revenues amounted to 7 trillion, 75 billion, 94 million, and 766 thousand dinars, which constitutes 83% of the general budget, while non-oil revenues amounted to 1 trillion, 462 billion, 1 million, and 913 thousand dinars.
She indicated that the non-oil revenues transferred from the Kurdistan Region to the state treasury amounted to 120 billion dinars.
She indicated that the total current expenditures amounted to 8 trillion, 345 billion, 781 million, and 900 thousand dinars, including salaries for employees amounting to 5 trillion and 87 billion dinars, pensions for retirees amounting to 1 trillion and 598 billion dinars, and social welfare salaries amounting to 458 billion dinars.
In March 2021, Mazhar Muhammad Salih, the Prime Minister’s advisor for financial affairs, confirmed in an interview with Shafaq News Agency that the reasons for the economy remaining rentier are due to the wars and the imposition of the economic embargo on Iraq during the past era, and what we are witnessing today in terms of political conflicts has led to the dispersal of economic resources.
The Iraqi state’s continued reliance on oil as the sole source of its general budget puts Iraq at risk from global crises that occur from time to time due to the impact on oil, forcing the country each time to cover the deficit by borrowing from abroad or within, which indicates an inability to manage state funds effectively and an inability to find alternative financing solutions.
Shafaq.com