Data on the implementation of the Iraqi federal budget until the end of July 2026 revealed an increasing gap between the state's revenues and expenses, with total revenues reaching about 39.1 trillion dinars, compared to expenditures exceeding 65.4 trillion dinars, resulting in a deficit of nearly 26.3 trillion dinars during the first seven months of the year.
The data from the Ministry of Finance, which was received by the Video News Agency, indicated that oil revenues accounted for about 78% of total revenues, amounting to approximately 30.36 trillion dinars, while non-oil revenues reached around 8.74 trillion dinars, representing nearly 22%.
In terms of spending, employee compensation and salaries topped the list of current expenditures, with a value of about 35.88 trillion dinars, followed by social welfare at approximately 15.99 trillion dinars, and grants, aid, interest, and other expenditures at about 5.10 trillion dinars.
Expenditures on goods amounted to around 1.94 trillion dinars, while service requirements were recorded at approximately 139.3 billion dinars, and maintenance of existing assets at around 41.4 billion dinars.
The total expenditure on debt servicing reached about 6.24 trillion dinars by the end of July.
In this context, economic expert Nabil al-Marsoumi stated that spending on salaries and social welfare reached about 51 trillion dinars during the first seven months of the year, compared to total public revenues of approximately 39 trillion dinars.
Al-Marsoumi added that total public revenues covered only about 76% of the value of salaries and social welfare, considering this reflects the pressures facing public finances and shows the continued heavy reliance of the Iraqi budget on oil revenues.
The budget implementation figures reflect the ongoing challenge for Iraq in diversifying revenue sources and controlling current expenditures, as expenses exceeded revenues by more than 26 trillion dinars within just seven months.