Iraq recorded a cumulative government budget deficit of 14771415 IQD Million in the period January - October of 2020. source: Central Bank Of Iraq

Government Budget Value in Iraq averaged 8832443.77 IQD Million from 2004 until 2020, reaching an all time high of 61244368 IQD Million in August of 2015 and a record low of -14771415 IQD Million in October of 2020. This page provides - Iraq Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq Government Budget Value - values, historical data and charts - was last updated on March of 2021.

Government Budget Value in Iraq is expected to be 6257318.02 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 6256637.89 in 12 months time. In the long-term, the Iraq Government Budget Value is projected to trend around 6256637.89 IQD Million in 2022, according to our econometric models.

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Iraq Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-14771415.00 -13292946.00 61244368.00 -14771415.00 2004 - 2020 IQD Million Monthly
Current Prices, NSA

Iraq Government Last Previous Highest Lowest Unit
Government Debt to GDP 68.30 46.90 344.30 32.00 percent [+]
Government Budget -0.90 7.90 10.70 -34.90 percent of GDP [+]
Government Budget Value -14771415.00 -13292946.00 61244368.00 -14771415.00 IQD Million [+]
Government Revenues 43094076.00 38441232.00 119466403.00 1119448.00 IQD Million [+]
Fiscal Expenditure 57865461.00 51734178.00 111723523.00 468749.00 IQD Million [+]
Military Expenditure 6200.00 7416.00 9536.00 2037.00 USD Million [+]
Credit Rating 23.00 [+]

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.