Al-Moussawi: The 2027 budget will take into account reducing the deficit and maximizing revenues.
Al-Moussawi: The 2027 budget will take into account reducing the deficit and maximizing revenues.
7-21-2026
The Information Agency / Baghdad…
MP Ahmed al-Moussawi revealed today, Tuesday, the fate of the 2026 budget, confirming that the Parliament will vote on the schedules for the remainder of the current year, while the 2027 budget will be voted on at the beginning of next year.
Al-Moussawi told the Information Agency, “The current fiscal year is nearing its end, and therefore the Parliament will vote on the schedules for the remaining period of the 2026 budget.”
He added, “The 2027 budget will be voted on at the beginning of next year in accordance with the financial and economic requirements of the next phase.”
He pointed out that “the government and the Finance Committee will focus, during the preparation of the 2027 budget, on maximizing non-oil revenues and reducing the size of the budget deficit in light of the economic conditions the country is experiencing and the tensions in the Middle East region that are affecting the economic and financial situation.”
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