Iraq recorded a Government Budget deficit equal to 0.80 percent of the country's Gross Domestic Product in 2021. source: IMF

Government Budget in Iraq averaged -3.74 percent of GDP from 2004 until 2021, reaching an all time high of 10.70 percent of GDP in 2006 and a record low of -35.40 percent of GDP in 2004. This page provides - Iraq Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq Government Budget - values, historical data and charts - was last updated on December of 2022.

Government Budget in Iraq is expected to reach 10.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Government Budget is projected to trend around 8.00 percent of GDP in 2023 and 5.00 percent of GDP in 2024, according to our econometric models.

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Iraq Government Budget

Related Last Previous Unit Reference
Government Debt to GDP 59.30 84.20 percent of GDP Dec 2021
Government Budget -0.80 -12.80 percent of GDP Dec 2021
Government Budget Value 38614607.00 33714610.00 IQD Million Aug 2022
Government Revenues 108174299.00 91920655.00 IQD Million Aug 2022
Fiscal Expenditure 69559692.00 58206045.00 IQD Million Aug 2022

Iraq Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-0.80 -12.80 10.70 -35.40 2004 - 2021 percent of GDP Yearly