Finance Ministry submits 2027 budget draft

The Iraqi Ministry of Finance has submitted the 2027 general budget draft to the Economic Ministerial Council after its preparation, which involved consulting experts and coordinating with ministries and the Kurdistan Region. The budget focuses on enhancing non-oil revenues and implementing a programs and performance-based budget approach, especially in the electricity sector and the provinces of Dhi Qar and Salah al-Din. It is scheduled that the Ministerial Council will review the draft for the first time in preparation for its submission to the Cabinet, aiming to balance spending with the achievement of government objectives within the current economic and financial conditions.

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