Iraq’s parliamentary Finance Committee revealed that the 2027 draft budget law has been prepared at nearly 200 trillion dinars and will reach parliament in the middle of this month. It also includes a decision to make nearly one million contract and temporary employees permanent.
The Finance Committee of Iraq’s Council of Representatives said that the draft budget law for (2027) is in its final stages in the Council of Ministers and is expected to reach parliament in the middle of October. According to the data, the budget’s total size is approximately (200) trillion dinars.
According to the committee’s information, of the total budget, (150) trillion dinars has been allocated to ongoing expenditures such as (salaries and necessities), while (50) trillion dinars has been allocated to development projects and programmes. The budget also emphasises expanding the "programme and performance budget" so that expenditures are linked to objectives and results.
The Finance Committee’s statement said that one of the most important provisions of this budget is making nearly one million contract and temporary employees in all of Iraq’s ministries and provinces permanent, transferring them to the permanent staffing structure without requiring previous service.
Regarding the fiscal deficit, members of the Finance Committee indicated that the budget deficit is expected to reach (65) trillion dinars. They also stressed that when the budget reaches parliament, they will carefully review revenue sources, expenditures and the price of oil, while assuring that oil will remain the main source of revenue and that employees’ salaries will be protected.
