Iraq Business News brings you the latest Iraq budget news – including the Iraq investment budget, Iraq infrastructure projects and more.
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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% […]
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 […]
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 […]
Iraq has signed for receiving a Japanese loan worth USD270 million according to a statement from the Japanese Embassy in Iraq. The loan is designed to improve Iraq’s financial situation and to help the country proceed with reforms, the statement by the embassy said, noting that it comes as a second tranche of a USD500 […]
The Executive Board of the International Monetary Fund (IMF) has completed the second review of Iraq’s three-year Stand-By Arrangement (SBA), which is designed to support Iraq’s economic reform program and restore fiscal balance over the medium term. The completion of the second review allows the authorities to draw the equivalent of SDR 584.2 million (about […]
