Iraq recorded a government budget surplus of 1796381 IQD Million in June of 2021. source: Central Bank Of Iraq

Government Budget Value in Iraq averaged 8354855.84 IQD Million from 2004 until 2021, reaching an all time high of 61244368 IQD Million in August of 2015 and a record low of -16599895 IQD Million in November 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 September 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. 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
1796381.00 784540.00 61244368.00 -16599895.00 2004 - 2021 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 of GDP [+]
Government Budget -17.50 -0.90 10.70 -34.90 percent of GDP [+]
Government Budget Value 1796381.00 784540.00 61244368.00 -16599895.00 IQD Million [+]
Government Revenues 39917498.00 31917236.00 119466403.00 1119448.00 IQD Million [+]
Fiscal Expenditure 38121117.00 31132696.00 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 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.