Iraq recorded a government budget surplus of 8537096 IQD Million in January-August of 2019.

Government Budget Value in Iraq averaged 9706550.98 IQD Million from 2004 until 2019, 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.

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 6367092.81 in 12 months time. In the long-term, the Iraq Government Budget Value is projected to trend around 6256637.89 IQD Million in 2020, according to our econometric models.

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Iraq Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
8537096.00 9309916.00 61244368.00 -13581445.00 2004 - 2019 IQD Million Monthly
Current Prices, NSA

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.

Iraq Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.40 59.60 344.30 32.00 percent [+]
Government Budget 6.20 -1.60 10.70 -34.90 percent of GDP [+]
Government Budget Value 8537096.00 9309916.00 61244368.00 -13581445.00 IQD Million [+]
Government Revenues 66163584.00 57680949.00 119466403.00 1119448.00 IQD Million [+]
Fiscal Expenditure 57626488.00 48371033.00 106873027.00 468749.00 IQD Million [+]
Military Expenditure 6200.00 7416.00 9536.00 2037.00 USD Million [+]
Credit Rating 25.00 [+]