The parliamentary finance committee on the budget law: It will arrive next month, and postponing it to 2027 is a possible option.
The parliamentary finance committee on the budget law: It will arrive next month, and postponing it to 2027 is a possible option.
2026-09-20
Shafaq News – Baghdad
The Finance Committee in the Iraqi Parliament confirmed on Sunday that the government intends to send the draft general budget law for 2027 to Parliament before the end of next October.
Committee member Jamal Kojar told Shafaq News Agency that “the House of Representatives has not yet received the draft budget from the government, and therefore it is not possible to determine an exact date for its approval,” explaining that “the approval process goes through three stages, starting with receiving the budget from the government, then discussing it, and then approving it.”
He added that Finance Minister Faleh Sari confirmed that the government will finalize the draft budget and send it to the House of Representatives in the coming period, explaining that the expected date will be October 15, or at the end of the month at the latest.
Regarding the possibility of postponing the 2027 budget to next year, Koger continued, saying that “this is possible, and it cannot be said that it is out of the question,” noting that the circumstances the country is going through may affect the course of the budget.
He explained that the date for approving the budget cannot be decided before the draft law reaches the House of Representatives, and then it is subjected to discussion and the necessary legislative procedures are completed for voting on it.
The government’s commencement of preparing the 2027 budget comes after two years of the absence of an effective federal budget with approved schedules; as the 2025 budget schedules were not approved, nor was a budget law for 2026 approved, despite the House of Representatives approving the three-year budget law for the years 2023, 2024 and 2025.
The 2025 budget, in its updated form, could not be implemented after its schedules were not approved within the House of Representatives and the fiscal year ended, which prompted the Ministry of Finance to adopt a temporary disbursement mechanism at a rate of 1/12 based on the Financial Management Law to secure salaries and governing expenses.
The 2026 budget was also not approved due to political complexities and economic pressures resulting from regional tensions and energy market volatility, so Iraq continues to manage its spending according to the temporary spending mechanism while awaiting the new federal budget.
shafaq.com
