16 Hrs
وكالة موازين نيوز
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وكالة موازين نيوز

2026-11-08T00:00:00.000Z

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وكالة موازين نيوز

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Cabinet eyes 2027 budget

Cabinet eyes 2027 budget

Iraqi Prime Minister Ali Faleh al-Zaidi has set aside Tuesday, November 10, 2026, for a cabinet meeting to discuss the 2027 budget bill, with a view to approving it and referring it to the Council of Representatives. According to lawmakers, the draft proposes increasing the share of non-oil revenues to 19% and supporting the electricity sector by adding around 10,000 megawatts to the grid. It also ties allocations to targeted outcomes and gives priority to the Development Road and the Sovereign Future Generations Fund. Although the preliminary figures have been finalized, disagreements over how allocations should be distributed remain, as the government reviews the draft before submitting it to Parliament.

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