The Central Bank of Iraq indicates a decline in public government spending.
The Central Bank of Iraq indicates a decline in public government spending.
2025-04-28 01:13
Shafaq News/ The Central Bank of Iraq announced on Monday that public government spending will decline by the end of 2024, stressing that this indicates a decline in the currency issued to 100 trillion dinars.
The bank stated in a report on monetary and financial indicators, which Shafaq News Agency reviewed, that “public government spending recorded a decline at the end of last December by 5.54%, reaching 12.95 trillion dinars, compared to November, which reached 13.71 trillion dinars.”
He added, “The decline in public spending indicates a decline in the currency issued by 0.34 trillion dinars, reaching 100.54 trillion dinars in December, compared to 101.34 trillion dinars in November.”
Last February, the German website Statista, which specializes in market and consumer data, predicted a decline in government spending relative to Iraq’s gross domestic product (GDP) this year.
According to a report published by the website and reviewed by Shafaq News Agency, “the ratio of government spending to GDP for 2024 reached 48.43%, the highest government spending in the past five years.”
He added that this percentage is expected to “decline in 2025 to 47.94% and to fall to 45.1% in 2029.”
shafaq.com
