Tag Archives | Iraq Budget News

Iraq Business News brings you the latest Iraq budget news – including the Iraq investment budget, Iraq infrastructure projects and more.

Iraq’s 2019 Budget busts IMF Deal

By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraqi President Barham Salih (pictured) approved the controversial 2019 budget on Feb. 4. The budget passed the parliament Jan. 23 after long debates over allocations for the Kurdistan Region and southern […]

Parliament approves Iraq’s $112bn Budget

By John Lee. On Thursday parliament approved Iraq’s 2019 budget. According to AFP, at $111.8 billion it is one of Iraq’s largest ever spending bills, and represents a nearly 45 percent increase from last year. It assumes exports of 3.9 million barrels of oil per day in 2019, including 250,000 bpd from Iraqi Kurdistan, at […]

A Review of Iraq’s 2019 Budget Proposal

By Ahmed Tabaqchali, for 1001 Iraqi Thoughts. The proposed budget law, prepared by the prior government and adopted by the current one (with some minor revisions), resembles the ongoing negotiations on completing the formation of the government. Just as the participants in these negotiations had left behind the pretence of responding to popular demands and […]

Iraq’s Governorates Reject 2019 Draft Budget

By Omar al-Jaffal for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News.  Iraq’s Governorates Reject 2019 Draft Budget Anger is escalating in Basra over the new government’s stance toward this strategic city and the demands of its people. The continued marginalization of […]

New Iraqi Budget, New Rules To Anger and Upset

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Mustafa Habib. For the first time in over ten years, Iraq managed to pass a federal budget with MPs’ votes. In the process there have been last minute deals, […]

Iraq Increases Taxes amid Public Discontent

By Salam Zidane for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News.  The Iraqi government sent to parliament a revised version of the 2018 budget bill for the fourth time Feb. 11. The budget proposal includes a new 10% tax on sales at commercial centers, restaurants and […]

“It’s Not the Donations, Stupid”: Key Points from Kuwait Conference

By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. ‘It’s Not the Donations, Stupid’: Key Points from the Kuwait Conference With a few exceptions, the coverage of the “Kuwait International Conference for the […]

KRG, Kurdistan Parliament discuss Financial Situation

A top Kurdistan Regional Government delegation, headed by Prime Minister Nechirvan Barzani held an extensive meeting with the Kurdistan Parliament Deputy Speaker Jaafar Ebrahim Eminky and heads of Parliamentary Committees of Natural Resources, Industry, Energy, Financial and Legal Affairs. The KRG delegation included Deputy Prime Minister Qubad Talabani and a number of senior officials. In […]

Iraq plans New Bond Issue in 2018

By John Lee. Following Iraq’s successful return to the bond markets earlier this year, it is now reportedly planning a $2 billion sovereign bond issue in 2018. The Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq [Alak] (pictured), told Reuters that the plan is currently awaiting parliamentary approval. He added […]

Baghdad Increases Pressure on KRG with Budget Cut

By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  The first draft of Iraq’s federal budget for 2018, approved by the government at the start of the month, envisions slashing the Kurdish region’s share from 17% to 12.7% […]

KRG calls for Amendments to 2018 Federal Budget Bill

Prime Minister Nechirvan Barzani chaired a Council of Ministers meeting to discuss the federal Budget Bill of 2018, which was prepared by the federal Ministry of Finance without the participation of the Kurdistan Regional Government. In the meeting, which was also attended by Deputy Prime Minister Qubad Talabani, KRG Council of Ministers called upon Iraqi […]

PM Pushes for Budget Cuts

By John Lee. Prime Minister Dr. Haider Al-Abadi has chaired a meeting to review the draft general budget for 2018. At the meeting, which was attended by a number of senior officials from the Ministry of Finance, he stressed the importance of reducing operating expenses to ensure that salaries, pensions and social protection benefits can […]