💰 “Iraq’s 2026 Spending Plan: Same Rate, New Rules Ahead!” 🇮🇶✨
Highlights by PDK (Summary – Not Verbatim)
🗓️ Finance Committee Update:
The Iraqi Parliamentary Finance Committee announced the government’s spending mechanism for 2026.
💬 Key Points:
🔹 Law-Based Spending: Iraq will follow Law 1/12 of 2024 for expenditures, since the 2025 budget schedules haven’t been approved yet.
🔹 Stable Exchange Rate: Committee member Jamal Kojar confirmed that the exchange rate will remain unchangedfor now.
🔹 Focused Spending: Government disbursements in 2026 will be limited to operating expenses — no expansion or new major projects expected until further budget approval.
📊
Interpretation:
This move suggests fiscal caution and continuity, while larger reforms — possibly including rate changes or project investments — may depend on upcoming budget approvals or economic adjustments later in 2026.
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