IMPORTANT IRAQ NEWS: PARLIAMENTARY FINANCE: NON-OIL BUDGET REVENUES WILL REACH 30 TRILLION DINARS NEXT YEAR BY MNT GOAT, 16 OCT

 PARLIAMENTARY FINANCE: NON-OIL BUDGET REVENUES WILL REACH 30 TRILLION DINARS NEXT YEAR

The Parliamentary Finance Committee expected, on Sunday, that non-oil revenuesin the 2025 budget would reach 30 trillion dinars, represented by electricity collection, taxes, and revenues from the Baghdad Municipality and all municipal departments. 

Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, told Shafaq News Agency, “The Parliamentary Finance Committee held a meeting today, in which it hosted the Minister of Finance, Taif Sami, the heads of the tax and customs authorities, and the general managers of the Ministry of Finance, to discuss the general budget law and oil and non-oil financial revenues.”

He added, “Oil revenues are settled, but as for non-oil revenues, it has been emphasized that government departments should be activated, including electricity in the field of collection, the Baghdad Municipality, and other municipal departments, in addition to the services provided to tax committees, border crossing revenues, customs, and others that would increase non-oil revenues.”

He explained that “the activation of non-oil revenues was mentioned in the government program but was not implemented. What is expected in 2025 is that oil revenues will be 120 trillion dinars, while non-oil revenues will be 30 trillion dinars, which includes customs revenues, taxes, electricity collection, and services provided by the government.”

(Iraq’s non-oil revenues are getting closer and closer to rival the oil-revenues. It now about 1/4^th and growing strong… there are programs not even yet implemented that will shoot up this amount very soon.)