Iraq Business News brings you the latest Iraq budget news – including the Iraq investment budget, Iraq infrastructure projects and more.
By John Lee. Iraq's parliament has published the text of the Federal General Budget Law for the coming three years (2023, 2024 and 2025). The budget was ratified last week by President Abdullatif Jamal Rashid. Click here to download (Arabic) (Source: Iraqi Parliament)
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. How Iraq's new budget affects oil arrangement with Kurdistan region The success of Iraq's largest-ever budget is partially dependent on oil prices, and follows the federal government asserting more […]
By John Lee. On Wednesday, June 21, 2023, the President of the Republic of Iraq, Abdullatif Jamal Rashid endorsed the country's Federal Financial Budget Law. Approval and ratification of the general budget is a first step in implementing the government's agenda, which includes meeting citizens' needs and enhancing public welfare. Besides improving health and educational […]
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq approves record $153bn budget aimed at creating jobs Iraq's parliament has approved a budget of 198.9 trillion dinars ($153bn) for 2023 that sets out record spending on a growing public wage bill […]
By John Lee. The Iraqi parliament has approved a record budget of 198.9 trillion dinars [$152 billion] for 2023, following four days of debate. According to Al Jazeera, the planned fiscal deficit is 64.36 trillion Iraqi dinars [$49 billion], more than double the amount in the 2021 budget. The budget assumes an oil price of […]
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. Tag Ends of Currency Upheaval Sparks Market Rally The market, as measured by the Rabee Securities RSISX USD Index, was up 12.5% for the month, and up […]
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. Iraq Market Report: The Budget, and the Stock Market's Next Move The market, as measured by the Rabee Securities RSISX USD Index, was up 2.3% for the […]
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Planning Beyond a Baghdad-Kurdistan Budget Deal Iraq's bloated 2023 budget has created space for the Kurds to get a share of the wealth this year, […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will Iraqi lawmakers approve record government spending, deficit? After extensive discussions, Iraq's Council of Ministers has submitted a draft budget law for 2023 to the parliament. The move is the first major legislative […]
By Charles Kennedy for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Risky Reliance On Oil Revenues Iraq managed to collect a lot of revenues from oil exports last year due to higher prices, but the Iraqi economy remains heavily reliant […]
By John Lee. Iraq's Federal Supreme Court has ruled that budget payments from the Federal Government in Baghdad to the Kurdistan Regional Government (KRG) are unlawful. In response to the court's decision, the KRG issued a statement strongly opposing this verdict, calling it "unconstitutional and illegitimate". The statement also added: "This court is not constitutionally […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Despite criticism, Iraq's PM pursues expansion of public sector Iraqi Prime Minister Muhammad Shia' Al-Sudani has kicked off a major campaign to expand the country's social safety net. This comes only weeks after […]
