Digital accounts: there is only 5 billion dollars left from the financial surplus in the Treasury!
711 economy 2022/11/04 20:46
The financial accounts of the Iraqi state during the 9 months of this year showed the total revenues and expenditures of the state, while an economist explained that the remaining financial surplus does not exceed 7.4 trillion dinars.
The Economist Nabil al-Marsoumi, based on the figures of the financial accounts of the state, said in a blog post (Baghdad today) that
"the financial accounts until September 2022, public expenditures amounted to 78.752 trillion dinars, including operating expenses amounted to 72.810 trillion dinars, and investment expenses amounted to 5.942 trillion dinars".
He explained that "the ratio of operating expenses to general expenses amounted to 92.4%, while the general revenues amounted to 122.976 trillion dinars, including oil revenues amounted to 117.837 trillion dinars, and non-oil revenues amounted to 4.958 trillion dinars". He pointed out that
"the ratio of oil revenues to public revenues amounted to 95.8%". He explained that
"the account surplus resulting from public revenues – (public expenditures + Advances), shows that the account surplus = 122.957 – 90.608 = 32.349 trillion dinars". He pointed out that
"the actual surplus after subtracting the amounts allocated for food security of 25 trillion dinars = 32.349 -25 = 7.349 trillion dinars,"
which means that the actual surplus currently does not touch the 7.4 trillion dinars, which represents only 5 billion dollars.