ADVISOR TO THE PRIME MINISTER: PUBLIC FINANCES FOR 2026 HAVE ENTERED THE PRACTICAL IMPLEMENTATION PHASE.
Attention is focused on revenue indicators and public spending patterns as the clearest measure of economic stability. With the continued flow of oil revenues, the issue of salaries has emerged as a top priority for a large segment of society, and assurances have been given that salaries are secured.
The Prime Minister’s financial advisor, Mazhar Muhammad Salih, stated that “public finances for 2026 have entered the practical implementation phase of the provisions of the amended Federal Financial Management Law No. (6) of 2019, which mandates securing monthly resources of the highest priority to cover mandatory expenditures, primarily employee salaries, pensions, and social welfare allocations, estimated at approximately (8) trillion Iraqi dinars per month.”
These obligations constitute the core of current social spending, necessitating meticulous liquidity management and strict regulation of spending priorities, especially given the application of the (1/12) rule of actual current expenditures for the previous year (2025) in the absence of a valid annual budget.
