dijlahpoint - Data released by the Ministry of Finance regarding federal budget execution through June revealed total revenues of IQD 35.946 trillion, with oil revenues accounting for nearly 80% (IQD 28.433 trillion) and non-oil revenues contributing IQD 7.513 trillion. Total expenditures reached IQD 54.673 trillion, heavily dominated by public sector compensation and salaries at IQD 30.769 trillion, followed by social welfare at IQD 13.858 trillion, while investment spending stood at IQD 2.513 trillion. The figures highlight a growing deficit, as total expenditures exceeded revenues by IQD 18.727 trillion.
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