Iraq Government Budget

Iraq recorded a Government Budget deficit equal to 5.55 percent of the country's Gross Domestic Product in 2013. Government Budget in Iraq is reported by the Central Bank Of Iraq. Government Budget in Iraq averaged -2.57 Percent of GDP from 2004 until 2013, reaching an all time high of 10.72 Percent of GDP in 2006 and a record low of -34.91 Percent of GDP in 2004. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Iraq Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-5.55 4.50 10.72 -34.91 -13.40 | 2014/06 2004 - 2013 Percent of GDP Yearly

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Iraq Government Budget
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 31.34 2013-12-31 33.46 334.85 31.34 24.07 2014-06-30 Percent [+]
Government Budget -5.55 2013-12-31 4.50 10.72 -34.91 -13.40 2014-06-30 Percent of GDP [+]
Government Budget Value 29091620.00 2012-12-31 33603917.00 34576852.00 -13581445.00 17926555.25 2014-06-30 IQD Million [+]
Credit Rating 15.00 [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Iraq Consumer Price Index (CPI) at 145.50 Index Points  
Consumer Price Index (CPI) in Iraq decreased to 145.50 Index Points in March of 2014 from 145.70 Index Points in February of 2014. Consumer Price Index (CPI) in Iraq is reported by the Central Statistical Organization Iraq (COSIT).
Iraq Crude Oil Production at 2925.00 Thousands Barrels per Day  
Crude Oil Production in Iraq decreased to 2925 Thousands Barrels per Day in December of 2013 from 2975 Thousands Barrels per Day in November of 2013. Crude Oil Production in Iraq is reported by the U.S. Energy Information Administration.
Iraq Employed Persons at 924397.00  
The number of employed persons in Iraq increased to 924397 in 2001 from 880756 in 2000. Employed Persons in Iraq is reported by the Central Statistical Organization Iraq (COSIT).
Iraq Gross National Product at 191417039.50 IQD Million  
Gross National Product in Iraq increased to 191417039.50 IQD Million in 2011 from 144649845.50 IQD Million in 2010. Gross National Product in Iraq is reported by the Central Statistical Organization Iraq (COSIT).
Iraq Money Supply M0 at 68259.00 IQD Billion  
Money Supply M0 in Iraq decreased to 68259 IQD Billion in March of 2014 from 71061 IQD Billion in February of 2014. Money Supply M0 in Iraq is reported by the Central Bank of Iraq.
Iraq Money Supply M1 at 71165.00 IQD Billion  
Money Supply M1 in Iraq decreased to 71165 IQD Billion in February of 2014 from 72857 IQD Billion in January of 2014. Money Supply M1 in Iraq is reported by the Central Bank Of Iraq.
Iraq Money Supply M2 at 78220.00 IQD Billion  
Money Supply M2 in Iraq decreased to 78220 IQD Billion in February of 2014 from 86474 IQD Billion in January of 2014. Money Supply M2 in Iraq is reported by the Central Bank of Iraq.
Iraq Core Consumer Prices at 145.00 Index Points  
Core Consumer Prices in Iraq increased to 145 Index Points in March of 2014 from 144.80 Index Points in February of 2014. Core Consumer Prices in Iraq is reported by the Central Statistical Organization.
Iraq Core Inflation Rate at 1.40 Percent  
Core Inflation Rate in Iraq increased 1.40 percent in March of 2014 over the same month in the previous year. Core Inflation Rate in Iraq is reported by the Central Statistical Organization.
Iraq Inflation Rate at 2.00 Percent  
The inflation rate in Iraq was recorded at 2 percent in March of 2014. Inflation Rate in Iraq is reported by the Central Bank of Iraq.
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