PM:01:37:05/05/2025
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Iraqi Finance Minister Taif Sami announced on Monday that the country’s non-oil revenues have increased by 5% in 2024, attributing the growth to the expanding agricultural sector and higher public expenditures.
Speaking during a high-level meeting with the International Monetary Fund (IMF) delegation in Amman, Sami said the budget deficit is projected to reach five trillion dinars—around 1.5% of GDP—excluding loans and arrears for investment and energy projects. She emphasized that this is a manageable level that does not pose a threat to Iraq’s public debt.
The IMF identified several positive indicators for Iraq’s economy and expressed readiness to provide technical and advisory support, particularly in areas such as debt management and tax system reform.