Iraq's revenues will exceed $150 billion this year, PM's advisor stated

Baghdad-INA 

The financial advisor to the Prime Minister, Mudhar Muhammad Salih, expected that Iraq's revenues this year would exceed $150 billion .

Salih told the Iraqi News Agency (INA), that "the International Monetary Fund's reading and expectation of a jump in Iraq's public revenues during the current year 2022 focuses on the total oil and non-oil public revenues of the federal Iraq ."

He added, "The Fund may have estimated the average daily exports of crude oil at 3.4 million barrels per day, with an average annual price of $104 per barrel of oil exported or more, with non-oil revenues of no less than $8-10 billion ."

Salih continued, "If the Kurdistan region's oil revenues and other revenues are added, the total federal revenues can easily exceed $150 billion at the end of the 2022 fiscal year ."

The International Monetary Fund expected, earlier, that Iraq would achieve a jump in its public revenues during the year 2022 after the rise in oil prices, amounting to 149 billion dollars and an annual change rate of 73 percent from the year 2021.