Total Revenues and Expenditures of Iraq Between 2023 and 2024

Based on data from the Iraqi Ministry of Finance:

🔹 Total Revenue:

• In 2023: 135.681 trillion IQD, with a 3.8% increase, reaching 140.774 trillion IQD in 2024.

🔹 Oil Revenue:

• In 2023: 125.882 trillion IQD, with a 1.3% increase, reaching 127.536 trillion IQD in 2024.

• Non-oil Revenue: rose from 9.799 trillion IQD to 13.237 trillion IQD, marking a 35% growth.

🔹 Total Expenditures:

• In 2023: 142.435 trillion IQD, increased by 5.7% to 150.527 trillion IQD in 2024.

🔹 Operating Expenditures:

• In 2023: 118.242 trillion IQD, increased by 5.9% to 125.214 trillion IQD in 2024.

• Investment Expenditures: increased from 24.193 trillion IQD to 25.313 trillion IQD, a 4.6% rise.

🔹 Budget Deficit:

• In 2023: 6.754 trillion IQD, rose by 44.4% to 9.753 trillion IQD in 2024.

1. Iraq’s General Revenue (2023–2024)

The Ministry of Finance publishes monthly reports on Iraq's general revenue and expenditures. The most recent annual report was released in early June 2025:

• 2023 Revenue: 135.681 trillion IQD

• 2024 Revenue: 140.774 trillion IQD, a 3.8% or 5.092 trillion IQD increase

Main sources of revenue:

1. Oil revenue:

   • 2023: 125.882 trillion IQD

   • 2024: 127.536 trillion IQD, increase of 1.654 trillion IQD or 1.3%

2. Non-oil revenue:

   • 2023: 9.799 trillion IQD

   • 2024: 13.237 trillion IQD, increase of 3.438 trillion IQD or 35.1%

2. Iraq’s General Expenditures (2023–2024)

• 2023 Expenditures: 142.435 trillion IQD

• 2024 Expenditures: 150.527 trillion IQD, increase of 8.091 trillion IQD or 5.7%

Divided into two main sectors:

1. Operational (Running) Costs:

   • 2023: 118.242 trillion IQD

   • 2024: 125.214 trillion IQD, up by 6.971 trillion IQD or 5.9%

2. Investment Spending:

   • 2023: 24.193 trillion IQD

   • 2024: 25.313 trillion IQD, up by 1.120 trillion IQD or 4.6%

3. Budget Deficit Comparison (2023–2024)

• 2023 Deficit: 6.754 trillion IQD

• 2024 Deficit: 9.753 trillion IQD

• Increase of 2.999 trillion IQD or 44.4%

4. Investment Sector Spending (2023–2024)

Investment spending grew by 4.6%, from 24.193 trillion IQD to 25.313 trillion IQD.

Breakdown by sectors:

1. Agriculture:

   • 2023: 488 billion IQD

   • 2024: 224 billion IQD, 54% decrease

2. Industry:

   • 2023: 11.789 trillion IQD

   • 2024: 13.740 trillion IQD, 16.5% increase

3. Transport & Communication:

   • 2023: 3.126 trillion IQD

   • 2024: 3.003 trillion IQD, 4% decrease

4. Roads & Public Services:

   • 2023: 7.379 trillion IQD

   • 2024: 7.034 trillion IQD, 4.7% decrease

5. Education:

   • 2023: 1.411 trillion IQD

   • 2024: 1.313 trillion IQD, 7% decrease

5. Spending by Iraq’s Three Presidencies (2023–2024)

Total expenditures by the three presidencies increased by 4.5%, from 10.870 trillion IQD in 2023 to 11.361 trillion IQD in 2024.

Breakdown:

1. Council of Representatives (Parliament):

   • 2023: 582 billion IQD

   • 2024: 612 billion IQD, 5.2% increase

2. Presidency of the Republic:

   • 2023: 71.958 billion IQD

   • 2024: 69.375 billion IQD, 3.6% decrease

3. Council of Ministers:

   • 2023: 10.216 trillion IQD

   • 2024: 10.679 trillion IQD, 4.5% increase