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The Echo Iraq Observatory monitors monthly spending and revenues and indicates a financial deficit.
Date
12/10/2025
The Echo Iraq Observatory confirmed, on Saturday (October 11, 2025), the existence of a financial deficit due to the country's dependence on oil revenues, while monitoring the size of monthly spending and revenues.
The observatory stated in a report received by Baghdad Today that "monthly public spending reached approximately 11.5 trillion dinars, compared to revenues that did not exceed 10.5 trillion dinars, indicating a clear financial deficit resulting from the state's reliance on oil revenues and weak non-oil revenues."
He added, "Monthly public spending is 11.5 trillion, while monthly revenues amount to 10.5 trillion."
He continued, "Oil sales in August reached $7.1 billion, with $104.7 million exported, at a price of $65 per barrel," believing that "the price per barrel will approach $60."
The observatory added, "Monthly, oil revenues reach approximately 9.3 trillion dinars, while non-oil revenues do not exceed 2 trillion."
The Eco Iraq Observatory is a research institution specializing in analyzing the country's financial and economic performance. Its periodic reports focus on monitoring public spending, monthly revenues, and budget funding sources.
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Iraq achieves a leap in gold reserves: third in the Arab world and 28th globally
Date
5/2/2026
Dollar exchange rates this morning, Thursday, in local markets
Date
5/2/2026
Silver plunges by more than 11%... and gold falls below the $5,000 per ounce mark.
Date
5/2/2026