Shafaq News- Baghdad
Oil revenues totaled 26.121 trillion Iraqi dinars($17B), accounting for 84% of Iraq's total income of 31.163 trillion dinars($20B) during the first four months of 2026, according to federal governmentstate accounts through April.
Actual spending reached 37.835 trillion dinars ($25B)during the January-April period, leaving a budget deficit of 6.672 trilliondinars ($5B). Non-oil income stood at 5.041 trillion dinars ($4B), representingthe remaining 16% of total revenues.
Current expenditures amounted to 36.444 trilliondinars ($24B), while investment spending reached 1.391 trillion dinars ($902M).
Iraq, OPEC's second-largest oil producer, relies oncrude exports for about 90% of federal income, a dependence that has come underpressure after the war in Iran disrupted shipping through the Strait of Hormuz,which carries around 20% of global oil supplies. In late March,economic expert Nabil Al-Marsoumi estimated that Iraq had reduced production byaround 2.9 million barrels per day, the steepest cut among OPEC members.
: Iraq’s oil bottleneck: Abundance trapped by dependency