Data from the Central Administration of Statistics showed that exports dropped to 4.98 billion dinars ($16.23 billion) in the second quarter of 2025, compared with $19.27 billion a year earlier — a decline of 16 percent.
This decrease was driven by a drop in oil export revenues to $14.26 billion between April and June, compared with $17.6 billion a year earlier.
With oil prices falling below the breakeven levels required to finance government spending, the fiscal deficit gap is widening, prompting the state either to draw from the General Reserve Fund or borrow to cover the shortfall.
