Iraq recorded a government budget surplus of 15193856 IQD Million in the first seven months of 2018. Government Budget Value in Iraq averaged 9565373.57 IQD Million from 2004 until 2018, reaching an all time high of 61244368 IQD Million in August of 2015 and a record low of -13581445 IQD Million in September of 2012.

Government Budget Value in Iraq is expected to be 3297411.00 IQD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Iraq to stand at 2593231.00 in 12 months time. In the long-term, the Iraq Government Budget Value is projected to trend around 2484573.00 IQD Million in 2020, according to our econometric models.

Iraq Government Budget Value
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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 15193856.00 14879792.00 61244368.00 -13581445.00 IQD Million [+]
Government Revenues 56781529.00 45368207.00 119466403.00 1119448.00 IQD Million [+]
Fiscal Expenditure 41587673.00 30488415.00 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 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. This page provides - Iraq Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq Government Budget Value - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
15193856.00 14879792.00 61244368.00 -13581445.00 2004 - 2018 IQD Million Monthly
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