🇮🇶📊 Iraq Begins Preparing the 2027 Federal Budget — A Positive Step Forward
Iraq's Ministry of Finance has officially begun drafting the 2027 Federal Budget, with the draft expected to be completed by September 2026 before moving through the Council of Ministers and Parliament for approval.
📝 After operating for an extended period under the temporary 1/12 spending mechanism, this marks an important step toward restoring Iraq's normal budget process and strengthening fiscal planning.
💡 Why is this important for those following the Iraqi dinar?
A well-planned federal budget reflects greater government organization, fiscal discipline, and institutional stability. These are key foundations for long-term economic confidence and are generally viewed as positive developments for Iraq's financial reform efforts.
While this news does not confirm or guarantee any revaluation (RV), it supports the broader picture of Iraq continuing to build the economic and governmental framework needed for a stronger and more stable financial system.
🤔 Interestingly, Mnt Goat mentioned in her latest newsletter that there is an expected September 2026 deadline to disarm all Iranian-backed militias operating in Iraq.
Now we also see September emerging as the expected month for completing Iraq's 2027 federal budget draft.
📌 Could September become the beginning of several major developments taking place at the same time?
🏛️ Economic reforms...
🛡️ Security reforms...
💰 Financial reforms...
Only time will tell.
For now, we continue connecting the dots and watching the process unfold.
🇮🇶 Dinarians... we're staying the course. This is getting more interesting by the day! ☕🍫
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Baghdad to complete 2027 budget draft by September
Shafaq News- Baghdad
Iraq's Finance Ministry began drafting the 2027 federal budget, the first new plan to be prepared after two years without an approved spending plan, the Prime Minister's Financial Adviser told Shafaq News on Monday.
Mudhir Mohammed Saleh pointed out that the Finance Ministry is expected to complete the draft budget law by September, after which it will be submitted to the Ministerial Council for the Economy for review before being referred to the Council of Ministers for approval and then sent to parliament.
“It is too early to determine the total value of the 2027 budget as the final size of the spending plan will be set once the ministry completes the draft law.”
The previous government, led by Mohammed Shia Al-Sudani, enacted a three-year budget covering 2023–2025. However, the 2025 spending plan was never implemented after parliament failed to approve its amended expenditure schedules before the law expired. The Finance Ministry subsequently adopted the one-twelfth (1/12) spending mechanism to finance salaries and other mandatory expenditures. Iraq also failed to approve a 2026 budget because of delays in forming a new government, the economic repercussions of the regional war, and volatility in energy markets, leaving the country to continue operating under the temporary spending mechanism.