CBI: Iraq spending outpaced revenues in 2025

Shafaq News– BaghdadIraq’s public spending exceeded revenues in the first 10 monthsof 2025, according to Central Bank of Iraq (CBI) data released on Saturday.In a report, the CBI revealed that total public revenues reached104.434 trillion Iraqi dinars ($72.0B), while public expenditures amounted to115.535 trillion dinars ($79.7B) over the same period.Non-tax income dominated state revenues at 99.625 trilliondinars ($68.7B), compared with 4.809 trillion dinars ($3.3B) in tax receipts.On the spending side, current expenditures accounted for the bulk of outlays at96.378 trillion dinars ($66.5B) and investment spending stood at 19.157trillion dinars ($13.2B).The gap between revenues and expenditures widened last year, theEco Iraq Observatory reported, with the fiscal deficit reaching 17.7 trilliondinars ($13.5B), while Iraq has yet to approve the detailed budget tables for2025, constraining the implementation of spending plans and the release offunds for development projects.: Deficit soars, projects freeze: Iraq heads into 2026 with NO BUDGET