Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Iraq’s 2017 budget has been amended as a result of a 21 August ruling by the country’s Supreme Federal Court. The court was ruling on the government’s appeal against amendments to the budget made by parliament in July – underlining the fractious nature of Iraqi politics and the government’s fragility.
Whilst the majority of proposed amendments were quashed, as a result of those that were upheld Iraq is now projected to run a $21.2bn deficit in 2017, up from the $18.3bn projected in the original budget. This still marks a slight improvement on 2016, when IMF figures imply Iraq ran a $24.2bn deficit, substantially more than the $22bn figure in the revised 2016 budget (see table).
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE