Iraq recorded a Government Budget surplus equal to 6.20 percent of the country's Gross Domestic Product in 2018.

Government Budget in Iraq averaged -3.70 percent of GDP from 2004 until 2018, reaching an all time high of 10.70 percent of GDP in 2006 and a record low of -34.90 percent of GDP in 2004. This page provides - Iraq Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq Government Budget - values, historical data and charts - was last updated on June of 2020.

Government Budget in Iraq is expected to reach -22.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Government Budget is projected to trend around -12.50 percent of GDP in 2021 and -9.00 percent of GDP in 2022, according to our econometric models.

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Iraq Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 7.90 10.70 -34.90 2004 - 2019 percent of GDP Yearly

Iraq Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.40 59.60 344.30 32.00 percent [+]
Government Budget -0.90 7.90 10.70 -34.90 percent of GDP [+]
Government Budget Value 6319542.00 -853060.00 61244368.00 -13581445.00 IQD Million [+]
Government Revenues 91370007.00 73603392.00 119466403.00 1119448.00 IQD Million [+]
Fiscal Expenditure 85050465.00 74456452.00 106873027.00 468749.00 IQD Million [+]
Military Expenditure 6200.00 7416.00 9536.00 2037.00 USD Million [+]
Credit Rating 23.00 [+]


Iraq Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.