Iraq 2035 plan aims for 46% non-oil revenue
The Iraqi Prime Minister’s Economic Advisor stated that the government is working to diversify the economy and achieve fiscal sustainability through Iraq’s 2035 Strategy. This strategy aims to increase the contribution of non-oil revenues to 46% of the overall budget and reduce reliance on oil, while empowering the private sector to raise its contribution to GDP to 53% by 2035. Its implementation will lead to structural reforms and the development of an investment-friendly environment, making the economy more diverse and sustainable, amidst challenges posed by regional influences on oil revenues.
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