AM:10:23:29/04/2025
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Iraq plans to boost non-oil revenues to 79 trillion dinars by 2028 as part of efforts to reduce reliance on oil. The strategy focuses on developing agriculture, industry, and tourism sectors.
Iraq continues its efforts to increase non-oil revenues and reduce the country's dependence on oil, according to Ministry of Planning spokesman Abdul Zuhra Hindwi.
Speaking on Tuesday, Hindawi said that oil revenues are expected to drop from 89 percent to 87 percent of total income between 2024 and 2028. In response, the government is working to diversify its sources of income and strengthen domestic revenue, primarily through agriculture, industry, and tourism.
He emphasized that developing these key sectors is a strategic priority to stabilize the economy and ensure long-term growth.