Iraq recorded a government budget surplus of 790508 IQD Million in March of 2020.

Government Budget Value in Iraq averaged 9422413.35 IQD Million from 2004 until 2020, reaching an all time high of 61244368 IQD Million in August of 2015 and a record low of -13581445 IQD Million in September of 2012. 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 August of 2020.

Government Budget Value in Iraq is expected to be 6367092.81 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 6257318.02 in 12 months time. In the long-term, the Iraq Government Budget Value is projected to trend around 6256637.89 IQD Million in 2021, according to our econometric models.

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Iraq Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
790508.00 2056534.00 61244368.00 -13581445.00 2004 - 2020 IQD Million Monthly
Current Prices, NSA

Iraq Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.40 59.60 344.30 32.00 percent [+]
Government Budget -0.90 7.90 10.70 -34.90 percent of GDP [+]
Government Budget Value 790508.00 2056534.00 61244368.00 -13581445.00 IQD Million [+]
Government Revenues 18168104.00 12805958.00 119466403.00 1119448.00 IQD Million [+]
Fiscal Expenditure 17377596.00 10749424.00 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.