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 Increases Deficit to Pay Salaries

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq increases deficit to pay salaries The Iraqi parliament approved on November 12th the funding deficit law, entitling the government to borrow 12 trillion dinars ($10 billion) from internal […]

KRG Opposes new Federal Budget Bill

By John Lee. The Kurdistan Regional Government (KRG) has expressed concerns and signaled its opposition to legislation put forward by the Iraqi parliament on Thursday that it says would once more cut the Kurdistan Region's share of the federal budget. The Council of Ministers issued the following statement: "The Kurdistan Regional Government commends the Kurdistan […]

Iraq's Dire Fiscal Crisis

By Kirk H. Sowell, for the Carnegie Endowment for International Peace. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Dire Fiscal Crisis Iraq's Prime Minister inherited a series of fiscal crises. As his interim government struggles to advert a complete economic collapse, […]

Salaries of Iraqi Officials Depleting State Budget

From Middle East Monitor, under a Creative Commons licence. Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Salaries of Iraq senior officials depleting state budget The "astronomical" salaries of the president, ministers, members of parliament and other senior ranking officials in Iraq are depleting […]

US backs Iraqi Progress on Budget Deal with KRI

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. US backs Iraqi progress on budget deal with Kurdistan Region The Trump administration says it supports Iraqi Prime Minister Mustafa al-Kadhimi's progress so far in working out a budget agreement with […]

Iraqi Parliament Approves Massive Borrowing

By John Lee. The Iraqi parliament has reportedly authorised borrowing of up to $5 billion (Dh18bn) from abroad after the fall in oil prices caused a financial crunch. According to The National, the vote came a few days rating agency Fitch forecast the economy to shrink 9 per cent this year and debt to skyrocket. […]

KRG Council of Ministers reviews Public Expenses

Prime Minister Masrour Barzani on Wednesday chaired a cabinet meeting via video conference to discuss expenses and the need to adapt to the current budget while protecting public entitlements. In the meeting attended by Deputy Prime Minister Qubad Talabani, the Council of Ministers stressed continued commitment to reducing salaries of senior officials, including those retired […]

Iraq Cuts Federal Budget from KRG

By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq cuts federal budget from KRG, Kurds defy it as political Adel Abdul Mahdi's Iraqi caretaker government in Baghdad April 16 has ordered its Finance Ministry in an official document […]

Baghdad "Halts Payments to KRG"

By John Lee. Baghdad is said to have stopped payments to the Kurdistan Regional Government (KRG). Writing for Argus Media, Rowena Edwards says central government will also seek to recover payments made since the start of the year, in the absence of KRG transfers of crude oil, which were part of the as-yet-unsigned 2020 budget. […]