Mnt Goat
let’s watch this new plan to increase non-oil revenues to 45%.
This is going to be BIG, really BIG! They are committing to it and will actually do it.
This along with resolving...5 other key issues is the recipe for the RV. I am told this by my CBI contact and I whole-heartedly believe her.
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Let’s pay close attention to Iraq’s new plan to increase non-oil revenues toward 45%
This could become a very important step in Iraq’s economic transformation. For years, Iraq’s economy has depended heavily on oil revenues, which creates vulnerability because government finances are directly affected by global oil prices. A stronger non-oil revenue base would represent a major shift toward a more diversified and sustainable economy.
If Iraq is truly committed to expanding revenues from areas such as taxation, customs, private-sector growth, industry, investment, and domestic economic activity, that would show a deeper level of financial reform and institutional development.
This is not just about collecting more revenue — it is about building a stronger economic foundation. Countries that want to attract international investment and participate more fully in the global financial system usually need stronger fiscal management, transparency, diversified income sources, and confidence in their institutions.
This step, combined with progress on other key economic and financial reforms, could be part of the broader transformation Iraq has been working toward.
The important thing to watch is execution: not only announcing reforms, but successfully implementing them. Real economic transformation happens when plans become measurable results.
For those following Iraq’s financial journey, this is definitely a development worth watching because it reflects a move toward a more modern and diversified economic structure.
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