Iraq's financial revenues exceed 46 trillion dinars in 5 months
On Tuesday, Iraq's Ministry of Finance announced that total federal revenues exceeded 46 trillion dinars between January and May 2025.
According to the data and financial tables released by the Ministry of Finance in June, the total revenues reached more than 46 trillion Iraqi dinars (Approx.. $35.08 billion).
Of that amount, oil revenues amounted to 42 trillion (Approx. $32.05 billion), comprising 91% of total income, while Non-oil revenues stood at more than 4 trillion Iraqi dinars (Approx. $3.05 billion).
The ministry's data also showed that total public sector salaries exceeded 27 trillion Iraqi dinars (Approx. $21.1 billion), while pension payments totaled about 8 trillion (Approx. $6.1 billion), and Social welfare payments climbed above 2 trillion (Approx. $1.78 billion).
Overall, current expenditures reached about 44 trillion Iraqi dinars ($33.55 billion), according to the federal budget records.
In March 2021, the Prime Minister's Financial Advisor, Mudhhir Muhammad Salih, told Shafaq News that Iraq's continued dependence on oil stems from decades of war, economic sanctions, and the ongoing political conflicts that have fragmented the country's economic resources.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Rudaw Net
2 hours ago
- Rudaw Net
Man claims detention at Iraqi checkpoint for possessing Kurdish books
Also in Kurdistan Erbil, Baghdad know who is behind drone attacks on Kurdistan Region: Interior minister Kurdish leaders commemorate Yazidi genocide on 11th anniversary Iraqi committee visits Kurdistan Region to probe drone attacks Diverse Kurdish voices centre stage at Erbil citadel concert A+ A- ERBIL, Kurdistan Region - A man from the Kurdistan Region's eastern Sulaimani province claims he was detained for several hours by Iraqi security forces at a checkpoint in Kirkuk after they discovered Kurdish-language books in his car. Rebin, an online book reseller, told Rudaw on Sunday that he had purchased four to five cartons of books from a local bazaar in Sulaimani and was traveling to Erbil via Kirkuk on Saturday afternoon. Near Kirkuk, he was stopped by Iraqi forces for what initially appeared to be a routine inspection. 'One of the officers asked what the books were about,' Rebin said. 'I told him they're Kurdish: Piramerd's poetry collection, his proverbs, The Story of Sinuhe, A Thousand and One Nights, and children's books.' Another officer nearby allegedly remarked, 'If the books are in Arabic, let him pass; if they are Kurdish, then they're banned.' Rebin said he was then directed to another inspection area, where officers began photographing the books. Among them was a collection of letters exchanged between prominent Kurdish political leaders - Kurdistan Democratic Party (KDP) leader Masoud Barzani, late Iraqi president and Patriotic Union of Kurdistan (PUK) leader Jalal Talabani, and the late Change Movement (Gorran) leader Nawshirwan Mustafa. 'They repeatedly placed that book next to the others as they took photos, as if to highlight it,' Rebin recalled. While the officers initially told him there was no problem, their stance later changed, Rebin claimed, adding that after several hours of waiting, they informed him that the books were banned and must be returned to Sulaimani. He agreed, asked for his identification documents, and prepared to leave. 'It wasn't until after 11:20 p.m. that I finally got my ID back,' he said, claiming one officer told him to leave in a disrespectful manner. During the rule of toppled Iraqi dictator Saddam Hussein Kurdish publications were heavily censored. While there was no explicit law banning Kurdish-language books, authorities used articles from the 1969 Iraqi Penal Code - often under vague justifications such as 'insulting the Arab community' or threatening national security - to suppress Kurdish literature. In the post-2003 era, the situation shifted. The 2005 Iraqi Constitution guarantees "freedom of expression by all means," including "freedom of the press, printing, advertising, media, and publication.' However, the application of these rights remains inconsistent and frequently contested.
Shafaq News
4 hours ago
- Shafaq News
Over one-third of Iraqi MPs absent from Sunday's parliamentary session
Shafaq News – Baghdad More than a third of Iraq's lawmakers failed to attend Sunday's parliamentary session, which included votes on key legislative items, according to an official statement from the Council of Representatives. The parliamentary media department said the agenda featured nine items, including a vote on the second amendment to the Political Prisoners Foundation Law (No. 4/2006). Out of the total 329 members of parliament, 123 lawmakers were absent from the session, the statement confirmed. This marks the second consecutive day the legislature has failed to reach quorum.
Shafaq News
4 hours ago
- Shafaq News
Houthis launch drone strikes on Israeli targets
Shafaq News – Sanaa Yemen's Houthi movement (Ansarallah) announced on Sunday it had launched a new wave of drone strikes against Israeli targets in Jaffa, Ashkelon, and the port of Haifa. According to a statement by Houthi military spokesperson Brig. Gen. Yahya Saree, three drones were deployed—two aimed at military installations in Jaffa and Ashkelon, and a third directed at Haifa port. Saree said the operation was part of Yemen's ongoing support for Gaza, vowing that such attacks would continue until Israel halts its military campaign and ends the blockade. Israeli media reports indicate that since the resumption of Israel's ground operations on March 18, the group has launched over 40 ballistic missiles and at least 10 drones toward Israel. بيان القوات المسلحة اليمنية بشأن تنفيذ ثلاث عمليات عسكرية استهدفت ثلاثة أهداف للعدو الصهيوني في يافا وعسقلان وحيفا بفلسطين المحتلة وذلك بثلاث طائرات مسيرة.بتاريخ3_8_2025م — العميد يحيى سريع (@army21yemen) August 3, 2025
