Ibtsam Abdul Latif Mohammed: Research of the House of Representatives Research Office

According to the data of the Central Bank of Iraq, revenue and expenditure, the amount of deficit and revenue surplus during the years (2004-2020) were as follows;

1. Total revenue was (1 quadrillion 296 trillion 284 billion) dinars, of which 1 quadrillion 202 trillion 222 billion dinars were oil revenue by (93%).

2. The total expenditure during that period was (1 quadrillion 144 trillion 731 billion) dinars.

3. The deficit was recorded only in 2015, 2016, 2019 and 2020, the total deficit was (33 trillion and 625 billion dinars).

- The highest level of deficit in 2020 by (8.5%), one point higher than the deficit rate in 2016.

- All other years recorded a surplus of revenue; the total surplus was (196 trillion and 262 billion) dinars.

- The highest level of revenue surplus was recorded in 2011 at 20%, which is slightly higher than the surplus in 2012

- If we subtract the total deficit from the total revenue surplus during the period (2004 - 2020), the net surplus will be about (162 trillion and 637 billion) dinars.

Iraqi Oil Revenue (2004 - 2020)

1. Total revenue was (1 quadrillion 296 trillion 284 billion) dinars, of which oil revenue was (1 quadrillion 202 trillion 222 billion) dinars.

2. The highest level of gross income was recorded in 2012, followed by 2013 and 2019, due to rising oil prices in the world markets.

3. Total oil revenue during (2004 - 2020) was (1 quadrillion 202 trillion 222 billion) dinars.

4. Iraq's gross revenue is mainly dependent on oil revenues, except for the years (2015, 2016, 2017 and 2020) in all other years by (90%) and more the gross revenues came from oil.

Revenue, expenditure, revenue surplus and deficit of Iraq in 2004 – 2020

1. The total revenue of Iraq during (2004 - 2020) was ((1 quadrillion 296 trillion 284 billion)) dinars, the highest rate of revenue recorded in (2012) and (2013).

2. The total expenditure during (2004 - 2020) was (1 quadrillion 144 trillion 731 billion) dinars.

3. The deficit was recorded only in 2015, 2016, 2019 and 2020, the total deficit was (33 trillion and 625 billion dinars).

4. The highest level of deficit in 2020 and was (8.5%), one point higher than the deficit rate in 2016.

5. All other years recorded a surplus of revenue; the total surplus was (196 trillion and 262 billion) dinars.

6. The highest level of revenue surplus was recorded in 2011 at 20%, which is slightly higher than the surplus in 2012

7. If we subtract the total deficit from the total revenue surplus during the period (2004 - 2020), the net surplus will be about (162 trillion and 637 billion) dinars.