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Al Jazeera

World

Hamzeh Hadad

Analysis: Iraq’s new budget may hamper more than it helps

Iraq Oil ISIL OPEC the Prime Minister Office

Iraqi legislators attend a parliamentary session to vote on the federal budget in Baghdad on June 11, 2023 [Parliament Media Office/Handout via Reuters]

The Iraqi Council of Representatives passed the 2023, 2024 and 2025 federal budgets on June 12, nearly eight months after Prime Minister Mohammad Shia al-Sudani’s new government was formed.

This year’s budget is Iraq’s largest at 198.9 trillion Iraqi dinars, about $153bn based on the official exchange rate. The 2024 and 2025 budgets will be the same unless the cabinet requests any changes and Parliament approves them.

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