Iraq recorded a Government Budget deficit equal to 1.60 percent of the country's Gross Domestic Product in 2017. Government Budget in Iraq averaged -4.45 percent of GDP from 2004 until 2017, reaching an all time high of 10.70 percent of GDP in 2006 and a record low of -35.40 percent of GDP in 2004.

Government Budget in Iraq is expected to be 5.50 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Government Budget is projected to trend around 1.00 percent of GDP in 2020, according to our econometric models.

Iraq Government Budget
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Iraq Government Last Previous Highest Lowest Unit
Government Debt to GDP 59.70 66.00 344.30 32.00 percent [+]
Government Budget -1.60 -14.30 10.70 -35.40 percent of GDP [+]
Government Budget Value 17652895.00 15193856.00 61244368.00 -13581445.00 IQD Million [+]
Government Revenues 65388984.00 56781529.00 119466403.00 1119448.00 IQD Million [+]
Fiscal Expenditure 47736089.00 41587673.00 106873027.00 468749.00 IQD Million [+]
Military Expenditure 7283.50 5970.40 9527.30 2035.50 USD Million [+]
Credit Rating 25.00 [+]


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. This page provides - Iraq Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq Government Budget - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1.60 -14.30 10.70 -35.40 2004 - 2017 percent of GDP Yearly




Country Last Previous
Argentina -3.90 Dec/17
Australia -1.90 Dec/17
Brazil -7.80 Dec/17
Canada -0.90 Dec/17
China -3.50 Dec/17
Euro Area -0.90 Dec/17
France -2.60 Dec/17
Germany 1.30 Dec/17
India -3.53 Dec/17
Indonesia -2.50 Dec/17
Italy -2.30 Dec/17
Japan -4.50 Dec/17
Mexico -2.90 Dec/17
Netherlands 1.10 Dec/17
Russia -1.50 Dec/17
Saudi Arabia -8.90 Dec/17
Singapore 0.30 Dec/17
South Africa -4.60 Dec/17
South Korea -2.00 Dec/17
Spain -3.10 Dec/17
Switzerland 1.20 Dec/17
Turkey -1.50 Dec/17
United Kingdom -2.30 Dec/17
United States -3.50 Dec/17


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