By John Lee. Iraq has reportedly restarted talks with the International Monetary Fund (IMF) for a $4-billion loan to cover its budget deficit. More here. (Sources: Bloomberg, Arab News)
Iraq said to be Negotiating IMF Loan
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.
KRG receives share of Federal Budget, ends Salary Cuts
KRG receives share of federal budget, ends salary cuts Prime Minister Masrour Barzani on Sunday led a meeting with the Kurdistan Region's Economic Council to address the resumption of full salary pay for government employees. Prime Minister Barzani reiterated that the KRG pays salaries from available revenue, and that they can do so more reliably […]
Baghdad "sends 200 Billion Dinars to Erbil"
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad sends 200 billion dinars to Erbil: Ministry Baghdad sent 200 billion dinars to the Kurdistan Regional Government (KRG) on Sunday, the finance ministry announced. "Today, the first sum of money amounting to 200 […]
Will Baghdad, Erbil fulfil Budget Obligations?
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. With deal in hand, will Baghdad, Erbil fulfil budget obligations? To what extent will the Kurdistan region of Iraq (KRI) be seriously committed to the provisions of the federal budget now that it […]
Video: The Baghdad-Erbil Budget Divide
Breaking the Impasse: The Baghdad-Erbil Budget Divide On May 20, 2021, the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS) hosted a public webinar with Ahmed Tabaqchali (Senior Fellow, IRIS), Megan Connelly (Non-Resident Fellow, IRIS), and Sarwar Abdullah (Lecturer, University of Sulaimani), moderated by IRIS Researcher Hamzeh al-Shadeedi. […]
Tags: Ahmed Tabaqchali, American University of Iraq Sulaimani (AUIS), featured, Institute for International and Regional Studies (IRIS), Iraq Budget News, oil revenues
Iraq passes $89bn Federal Budget Bill
By Joe Snell 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 passes $89 billion federal budget bill The budget confronted issues of unemployment, currency devaluation and non-oil revenues and was passed as lawmakers prepare for October's general election; the […]
Tags: featured, Iraq Budget News
Protesters Block Entrances to Oil Facilities
By John Lee. Protesters have reportedly blocked the entrances to the Dhi Qar Oil Company (DQOC), Dhi Qar Refinery, and the Oil Products Distribution Company. According to Anadolu Agency, they were protesting the passing of the 2021 budget by the Iraqi parliament, which did not meet their expectations regarding guaranteed employment. More here. (Source: Anadolu […]
Tags: Dhi Qar, Dhi Qar Oil Company (DQOC), Dhi Qar Refinery, featured, Iraq Budget News, mn, Oil Products Distribution Company, Protests
Iraqi Parliament Approves 2021 Budget
By John Lee. Iraq's Parliament (House of Representatives) has approved the Federal Budget Law for 2021 on Wednesday night. The budget is reportedly based on an oil price of $45 per barrel, and oil exports of 3.25 million barrels per day, giving a budget of 129 trillion Iraqi dinars ($89 billion) and a budget deficit […]
Tags: Deficit, featured, Federal Budget Deficit, Iraq Budget News, Iraq Oil Exports News, mn, oil price
Iraq's Reform Budget heads to Parliament
By Salam Zidane 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's reform budget heads to parliament Parliament is debating the 2021 budget, which is the first budget drafted based on the White Paper for economic reform. Click here to […]
Iraq "in Talks" with IMF for $6bn Loan
By John Lee. Iraq is reportedly in discussions with the International Monetary Fund (IMF) to secure a $6 billion loan to help its finances. Finance Minister Ali Allawi (pictured) told Bloomberg that Iraq can apply for $2 billion in quick financing from a special mechanism to help Covid-battered economies, followed by an additional $4 million.. […]
Iraq's Static Budget Process
By Ahmed Tabaqchali, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Static Budget Process The Iraqi government plans to respond to the financial crises in the wake of the COVID-19 pandemic by addressing the root causes of Iraq's vulnerability […]
Tags: Ahmed Tabaqchali, Atlantic Council, coronavirus, covid19, featured, Iraq Budget News, mn, white paper
Iraq's Cabinet approves Draft Budget
By John Lee. The Iraqi cabinet has approved the draft budget for 2021. According to Reuters, the budget of 150 trillion Iraqi dinars ($103 billion) is based on an oil price of $42 per barrel, and will result in a deficit of 63 trillion dinars ($43 billion). Rudaw puts the deficit at 58 trillion dinar […]