DINAR REVALUATION: #Iraq #IQD #Dinar #EconomicReforms #Budget #FinancialReform #CBI #Transparency #Government

Showing posts with label #Iraq #IQD #Dinar #EconomicReforms #Budget #FinancialReform #CBI #Transparency #Government. Show all posts

Sunday, July 12, 2026

Iraq Prepares a Major Budget Reform

MP Dilan Ghafoor confirmed that the Iraqi government is actively working on the national budget draft, adding that next year's fiscal law will transition from a traditional line-item format to a performance-based program budget, with an initial rollout set for the Ministry of Electricity. 

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🇮🇶📊 Iraq Prepares a Major Budget Reform

A member of Iraq's Parliament, Dilan Ghafoor, confirmed that the government is actively preparing the country's next national budget. One of the biggest changes will be the transition from a traditional line-item budget to a performance-based budgeting system, with the Ministry of Electricity serving as the first pilot project. ⚡

Instead of simply allocating funds to government agencies, the new system will focus on measurable results, improving efficiency, transparency, and accountability in how public money is spent.

📌 Why It Matters

✅ Modernizes Iraq's public financial management.
📊 Improves transparency and accountability.
💰 Encourages more efficient use of government funds.
🏛️ Aligns Iraq with international financial best practices.

While this reform does not confirm a Dinar RV, it is another encouraging step showing that Iraq continues to implement structural economic and fiscal reforms designed to strengthen the country's financial system.

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