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Iraq to Continue Salary Funding Through 2026
The Iraq Parliamentary Finance Committee indicates that the approval of the 2026 budget is not expected at this time, as efforts continue to complete the government program and cabinet formation. The focus remains on securing salaries and addressing economic challenges. The committee emphasized that the government has significant capacity to address the deficit through borrowing or resorting to the Central Bank, and that the financial situation will become clearer in the 2027 budget after the activation of the Customs Tariff Law and the ASYCUDA system, which will expand revenue sources. It also clarified that the absence of a budget until mid-year is related to the formation of the government and its programs, noting that the parliament has granted confidence to the Prime Minister, and the government is prepared to support efforts to confront economic challenges.
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