Government Budget in Iraq decreased to -17.50 percent of GDP in 2020 from -0.90 percent of GDP in 2019. source: Central Bank Of Iraq

Government Budget in Iraq averaged -4.26 percent of GDP from 2004 until 2020, 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 2021.

Government Budget in Iraq is expected to reach -12.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Government Budget is projected to trend around -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
-17.50 -0.90 10.70 -34.90 2004 - 2020 percent of GDP Yearly

Iraq Government Last Previous Highest Lowest Unit
Government Debt to GDP 68.30 46.90 344.30 32.00 percent of GDP [+]
Government Budget -17.50 -0.90 10.70 -34.90 percent of GDP [+]
Government Budget Value -12882754.00 -16599895.00 61244368.00 -16599895.00 IQD Million [+]
Government Revenues 63199689.00 47761048.00 119466403.00 1119448.00 IQD Million [+]
Fiscal Expenditure 76082443.00 64360943.00 111723523.00 468749.00 IQD Million [+]
Military Expenditure 6994.00 7599.00 9493.00 217.00 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.