🇮🇶 Iraq Budget Reform: Can Iraq Remove Oil From the Budget?
A Bold Reform Path or a Calculated Step Toward Monetary Independence?
😊 A Bold Question Worth Asking
A recent Iraqi article sparked a powerful debate with its striking title:
“Calls to Remove Oil from the Budget: A Bold Reform Path or a Gamble That Could Undermine Iraq’s Financial Stability?”
This is not just a headline — it’s a direct challenge to decades of economic dependence.
The article reminds us that the constitutional phrase “oil belongs to the people” has slowly transformed from a foundation of economic justice into a slogan invoked only during crises, without ever being fully reflected in Iraq’s economic structure.
As 2026–2028 budget discussions approach, the question resurfaces with urgency:
Can Iraq really build a national budget without oil revenues?
🛢️ Iraq’s Oil Dependency: Strength or Structural Risk?
For decades, Iraq’s economy has relied almost entirely on oil revenues. While oil has funded reconstruction and salaries, it has also created:
Budget volatility
Political leverage vulnerabilities
Exposure to global price swings
Delayed diversification
Oil has been both a lifeline and a liability.
🔄 Can Iraq Remove Oil from the Budget?
The honest answer: Yes — if they truly choose to.
Iraq already possesses:
Massive natural resources
Strategic trade positioning
A growing banking and digital finance framework
Untapped taxation and customs potential
Non-oil sectors ready for activation
What’s required is unity, discipline, and execution.
💰 Sovereign Wealth Funds: The Missing Link
One of the most powerful ideas raised is this:
What if excess oil revenues were placed into sovereign wealth funds instead of the annual budget?
Countries like Norway and the UAE have proven that:
Oil can fund future generations
Budgets can operate independently
Currency stability increases
Such funds could grow beyond imagination — but here’s the key insight for investors:
➡️ Iraq does NOT need this full wealth structure to reinstate the dinar.
💱 Currency Reform Is Part of the Plan
According to ongoing CBI discussions shared by MNT GOAT:
Reinstating the IQD to online and international trading
Reducing oil dependency in budget funding
Expanding non-oil revenue streams
These are interconnected steps, not separate ideas.
Removing oil from the budget is not possible without currency normalization — and vice versa.
🧠 Two Ways to Think: Half-Full or Half-Empty
This moment requires perspective.
Ask yourself:
Where was Iraq four years ago?
What progress has already occurred?
Has Iraq been moving forward — or backward?
Despite regional pressures and Iran’s influence, Iraq continues to advance.
Yes, there may be a short-term adjustment following the November elections, and yes, the effects may be felt briefly — but history shows Iraq fixes what is broken when pressure peaks.
⏳ Short-Term Noise vs Long-Term Direction
Temporary disruptions do not define outcomes.
The big picture shows:
Structural reform
Monetary realignment
Reduced dependency
Increased sovereignty
The RV is not canceled by noise — it is often preceded by it.
⭐ Featured Snippet
Removing oil from Iraq’s national budget is possible through diversification, sovereign wealth funds, and currency reform, allowing oil revenues to fund future stability rather than daily expenses.
❓ Q&A: Iraq Budget & Oil Reform
Q: Can Iraq really fund a budget without oil?
A: Yes, through diversification, taxation reform, trade, and monetary normalization.
Q: Why would Iraq remove oil from the budget?
A: To reduce volatility, strengthen sovereignty, and stabilize long-term planning.
Q: How does this relate to the Iraqi dinar?
A: Currency reinstatement is a key pillar in reducing oil dependency.
Q: Will elections delay reform?
A: Possibly short-term, but long-term direction remains forward.
🙏 A Closing Thought & 2026 Prayer
There is a prayer worth carrying into 2026:
To be healthy, wealthy, and wise.
Wise enough to recognize evil when it appears.
Wealthy enough to help those in need.
Healthy enough to enjoy family and the abundance God provides.
This journey is about more than money — it’s about stability, dignity, and future generations.
🔗 Join Our Community & Follow Updates
📘 Blog:
👉 https://dinarevaluation.blogspot.com/
📢 Telegram:
👉 https://t.me/DINAREVALUATION
📘 Facebook:
👉 https://www.facebook.com/profile.php?id=100064023274131
🐦 X (Twitter):
👉 https://x.com/DinaresGurus
▶️ YouTube:
👉 https://www.youtube.com/@DINARREVALUATION
📈Hashtags
#IraqEconomy
#BudgetReform
#OilIndependence
#IraqiDinar
#IQDReinstatement
#SovereignWealth
#CurrencyReform
#MiddleEastFinance
#GlobalReset
#EconomicTransformation
MNT GOAT
There is yet another article that I thought was an amazing bold move of a thought process. Its title is “CALLS TO REMOVE OIL FROM THE BUDGET: A BOLD REFORM PATH OR A GAMBLE THAT COULD UNDERMINE IRAQ’S FINANCIAL STABILITY?” I quote from the article The phrase“oil belongs to the people”has been transformed from a constitutional text that is supposed to establish economic justice and sustainable development, into a slogan that is invoked during crises without actually being reflected in the structure of the Iraqi economy.
So, after decades of almost complete dependence on oil revenues, questions are mounting about the viability of a model budget void of oil revenues.” Can it actually be done?
As the 2026-2028 upcoming budget discussions approach, the debate resurfaces regarding the meaning of public ownership of oil, the limits of its use, and the possibility of moving towards a diversified economy that reduces dependence on a single resource of revenue that has proven to be as much a source of danger as a source of funding.
Can Iraq really remove oil revenues totally as a source of revenue to fund the budget? I will try to answer this question. Iraq with all its current resources can do this if they really, really wanted it, really came together and worked together, all in the same direction. Can you imagine the wealth of these excess oil revenues being placed in Sovereign Funds that could grow beyond our imagination. But we as investors do not need this level of wealth to get the dinar reinstated. In fact, to get the IQD back to online trading is part of the recipe of removing oil from the budget. It is all in the plan, so I am told by my CBI contact.
So, I need everyone to remember the two ways you can think. We can have our minds positive (half-full) or negative (thinking on the side of half-empty). Remember what Iraq as like just four years ago and this should give you a really good understanding that they are going to move ahead and not backwards, regardless of Iran. Yes, there may be a short, temporary ‘adjustment’ due to these crooked elections just held in November and it may be felt, but we must look at the big picture and know that all of this will be fixed somehow and I am sure of it. The RV will happen and we will be going to the bank shortly.
There is a prayer I pray each day. Let it be our 2026 prayer too to be Healthy, Wealthy and Wise. Being wise enough to know evil when you see it, wealthy enough to give to those in need, and of course healthy enough so you can enjoy our families from the abundance God gives us.
