The fiscal budget for the current year is witnessing a deficit of 7.3 billion dollars until last July
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The fiscal budget for the current year is witnessing a deficit of 7.3 billion dollars until last July
by RamblerNash Sat Sep 26, 2020 10:12 am
Employees in one of the real estate registration departments
09/25/2020
Economy News - Baghdad
The financial budget of the Iraqi state witnessed a deficit of more than 8.8 trillion dinars (7.3 billion dollars) since the first of this year until the end of last July, according to the financial report of the Ministry of Finance for the month of July.
Compared to the same period in the year 2019, the state's spending was 48.3 trillion dinars, while financial revenues were 57.6 trillion dinars.
And Iraq's revenues were recorded since the beginning of this year until the end of last July, 31.19 trillion dinars, divided into 28.86 trillion dinars from oil and 2.33 non-oil revenues.
Total spending amounted to 40.05 trillion dinars, divided into 39.37 trillion dinars as an operating budget, and 682.21 billion dinars as an investment budget. Total salaries amounted to 23.31 trillion dinars.
The Ministry of Finance ranked first in terms of spending, reaching 11.38 trillion dinars, followed by the Ministry of Interior with 6.61 trillion dinars, then the Ministry of Defense with 3.91 trillion dinars.
https://economy-news.net/content.php?id=21978
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