Iraq recorded a government budget deficit of 12950052 IQD Million in May of 2026. Government Budget Value in Iraq averaged 8190980.84 IQD Million from 2004 until 2026, reaching an all time high of 61244368.00 IQD Million in August of 2015 and a record low of -17042689.00 IQD Million in December of 2025. source: Central Bank Of Iraq

Related	Last	Previous	Unit	Reference
Fiscal Expenditure	46697085.00	37835698.00	IQD Million	May 2026
Government Budget	-1.50	-1.10	percent of GDP	Dec 2024
Government Budget Value	-12950052.00	-6672693.00	IQD Million	May 2026
Government Debt to GDP	53.90	45.20	percent of GDP	Dec 2025
Government Revenues	33747033.00	31163005.00	IQD Million	May 2026

Iraq Government Budget Value

The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.