Iraq Budget News Archives - Panorama Insurance Brokers

KRG receives share of Federal Budget, ends Salary Cuts

KRG receives share of federal budget, ends salary cuts Prime Minister Masrour Barzani on Sunday led a meeting with the Kurdistan Region’s Economic Council to address the resumption of full salary pay for government employees. Prime Minister Barzani reiterated that the KRG pays salaries from available revenue, and that they can do so more reliably… Read More

Baghdad “sends 200 Billion Dinars to Erbil”

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad sends 200 billion dinars to Erbil: Ministry Baghdad sent 200 billion dinars to the Kurdistan Regional Government (KRG) on Sunday, the finance ministry announced. “Today, the first sum of money amounting to 200… Read More

Will Baghdad, Erbil fulfil Budget Obligations?

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. With deal in hand, will Baghdad, Erbil fulfil budget obligations? To what extent will the Kurdistan region of Iraq (KRI) be seriously committed to the provisions of the federal budget now that it… Read More

Video: The Baghdad-Erbil Budget Divide

Breaking the Impasse: The Baghdad-Erbil Budget Divide On May 20, 2021, the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS) IRIS hosted a public webinar with Ahmed Tabaqchali (Senior Fellow, IRIS), Megan Connelly (Non-Resident Fellow, IRIS), and Sarwar Abdullah (Lecturer, University of Sulaimani), moderated by IRIS Researcher Hamzeh… Read More

Iraq passes $89bn Federal Budget Bill

By Joe Snell for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq passes $89 billion federal budget bill The budget confronted issues of unemployment, currency devaluation and non-oil revenues and was passed as lawmakers prepare for October’s general election; the… Read More

Protesters Block Entrances to Oil Facilities

By John Lee. Protesters have reportedly blocked the entrances to the Dhi Qar Oil Company (DQOC), Dhi Qar Refinery, and the Oil Products Distribution Company. According to Anadolu Agency, they were protesting the passing of the 2021 budget by the Iraqi parliament, which did not meet their expectations regarding guaranteed employment. More here. (Source: Anadolu… Read More

Iraqi Parliament Approves 2021 Budget

By John Lee. Iraq’s Parliament (House of Representatives) has approved the Federal Budget Law for 2021 on Wednesday night. The budget is reportedly based on an oil price of $45 per barrel, and oil exports of 3.25 million barrels per day, giving a budget of 129 trillion Iraqi dinars ($89 billion) and a budget deficit… Read More

Iraq’s Reform Budget heads to Parliament

By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq’s reform budget heads to parliament Parliament is debating the 2021 budget, which is the first budget drafted based on the White Paper for economic reform. Click here to… Read More

Iraq “in Talks” with IMF for $6bn Loan

By John Lee. Iraq is reportedly in discussions with the International Monetary Fund (IMF) to secure a $6 billion loan to help its finances. Finance Minister Ali Allawi (pictured) told Bloomberg that Iraq can apply for $2 billion in quick financing from a special mechanism to help Covid-battered economies, followed by an additional $4 million….. Read More

Iraq’s Static Budget Process

By Ahmed Tabaqchali, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq’s Static Budget Process The Iraqi government plans to respond to the financial crises in the wake of the COVID-19 pandemic by addressing the root causes of Iraq’s vulnerability… Read More