Iraq Business News brings you the latest Iraq budget news – including the Iraq investment budget, Iraq infrastructure projects and more.
By John Lee The Iraqi government has started discussions on the structure of the 2025 budget, with expectations for its submission to Parliament early next year, according to Atwan Al-Atwani, head of the Parliamentary Finance Committee. State-run Iraqi News Agency (INA) says Al-Atwani hosted a delegation from Adam Smith International to discuss public financial management […]
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, chaired a meeting of the High Committee for Tax Reform on Thursday. The committee reviewed the implementation of various government reform measures that led to a 22% increase in tax revenues as of early August, compared to the same period last year. Al-Sudani emphasized that tax […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. IMF Sees Budget Boosting non-oil GDP Growth The equity market, as measured by the Rabee Securities U. S. Dollar Equity Index (RSISX USD Index), was down 1.9% […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Federal State Budget Accounts 2023 - Planned vs Realisation The Ministry of Finance (MoF) data regarding results of implementing budget law for 2023 indicates a number of facts; few are good and […]
By John Lee. An International Monetary Fund (IMF) mission met with the Iraqi authorities in Amman during February 20-29 to conduct the 2024 Article IV consultation. Some key data from their report: Economic Growth: Non-oil GDP growth: 6% in 2023. Overall growth projected to rebound in 2024. Inflation: Declined from 7.5% in January 2023 to […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq Oil Exports 2023 - Budget vs. Realities Iraq's Budget for 2023, part of an extended federal budget covering three years of 2023 to 2025, became effective on 26 June, while the […]
By Winthrop Rodgers for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. In Iraq's Kurdistan Region, teacher strikes highlight schooling crisis The regional government is three months behind on paying its public servants, including teachers, as part of larger budget disagreements […]
By John Lee. The Iraqi Ministry of Planning has granted approval for the inclusion of earmarked investment projects in its 2023 budget. The projects encompass allocations such as 1 trillion dinars [$763 million] for Iraq Development Fund projects, 500 billion dinars for projects in the most impoverished provinces fund, 50 billion dinars for Sinjar and […]
By John Lee. A team from the International Monetary Fund (IMF) has concluded a visit with Iraqi officials, concluding: Economic activity is recovering, although oil production cuts are weighing on overall growth, and at the same time inflation has declined. The large fiscal expansion in the three-year budget law poses significant risks to fiscal and […]
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Rallies as it Begins to Discount the Budget's Passage The market, as measured by the Rabee Securities RSISX USD Index, was up 9.2% in June and […]
By Joseph Daher for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. With Iraq's new budget, Baghdad goes after Kurdish oil Taking advantage of festering divisions within Kurdistan and the weakening of the KRG government, Iraq's central government has seized its […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Will Sudani's three-year budget bring stability to Iraq's economy? Almost five months after taking office, Iraqi Prime Minister Muhammad Shia' Al-Sudani (pictured) in March this year submitted a draft budget law […]
