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Iraq's biggest ever budget for 2027 built for boom times amid economic bust

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The National
“Iraq's biggest ever budget for 2027 built for boom times amid economic bust”

Iraq is debating a draft federal budget for 2027 that would be the biggest in its history, but the plan is also the most detached from the country's financial reality. The bill, a copy of which was seen by The National , looks like a welfare-state budget drafted for a stable time, not an austerity plan for a government in the middle of its worst financial crisis in years. The total public expenditure is projected at about 217.2 trillion dinars ($143.6 billion). The draft expects only 174.2…

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