Prime Minister Mohammed Shiaa Al-Sudani led a high-level meeting in Baghdad to boost Iraq non-oil revenues growth. He gathered key officials, including the Minister of Finance, the Minister of Trade, the Governor of the Central Bank of Iraq, the Mayor of Baghdad, and senior advisers. The focus of the meeting remained on finding effective strategies to strengthen state finances and expand income beyond oil.
The discussions highlighted modern solutions such as digital systems and automation. These tools, Al-Sudani explained, will help improve efficiency and raise transparency in revenue collection. Moreover, he stressed that economic progress requires wise investment in sectors with high returns. At the same time, he called for better spending controls and reduction of wasteful practices.
The meeting also turned to the role of the Ministry of Trade. Participants examined revenue sources linked to trade activities. They discussed improvements to the Public Distribution System food basket, management of wheat procurement, and stronger storage facilities. These measures, they argued, will help secure supplies and prepare for future harvests. Such steps aim to stabilise markets while increasing state income.
Another important part of the talks involved Baghdad Municipality. Officials explored how the capital can increase revenues through better property management, project development, and modern collection methods. These plans target long-term growth by making use of existing assets more efficiently.
In addition, the electricity sector received significant attention. The leaders underlined the importance of raising revenues by improving payment systems and limiting losses. Stronger monitoring and modern technologies can help the sector support the wider economy.
Through these combined efforts, the government hopes to place less reliance on oil while opening new financial streams. The emphasis on Iraq non-oil revenues growth reflects the urgent need to diversify the economy. With stronger trade systems, digital innovation, and better municipal management, Iraq seeks a stable and sustainable financial path.