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Iraq Targets 45% Non-Oil Income
Iraq demonstrates that the total domestic debt has exceeded 100 trillion dinars (approximately 80 billion dollars), emphasizing the importance of managing the public debt ratio within international standards, as it accounts for 36% of the GDP. Meanwhile, external debt is projected to reach around 9 billion dollars by 2028. The government aims to increase the contribution of non-oil revenues from less than 10% to 45% over a decade, with the goal of reducing dependence on oil and ensuring sustainable financing. This includes focusing on diversifying sources of revenue and minimizing the impact of global market price fluctuations.
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