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Iraq’s oil revenues contributed to over 33.7 trillion dinars by May 2023
Iraqi Ministry of Finance data shows that total federal budget revenues until the end of May 2026 reached 33.747 trillion dinars, with oil revenues dominating at 84%, amounting to approximately 27.27 trillion dinars. In contrast, total expenditures amounted to 45.070 trillion dinars, with salaries for government employees leading at around 25.56 trillion dinars, followed by social welfare at 11.373 trillion dinars. The total investment spending reached 1.627 trillion dinars, with the building and services sector accounting for the largest share of investment expenditure at 992.4 billion dinars.
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