Iraq Prepares 2027 Budget to Maintain Fiscal Stability

BAGHDAD, Iraq — Iraq's government is preparing the 2027 budget as a cornerstone of its strategy to maintain fiscal stability, according to the prime minister's financial advisor. Mudher Mohammad Salih outlined the public finance roadmap Monday, June 8, 2026. He said the budget would play a decisive role in ensuring fiscal stability in the face of economic shocks experienced throughout 2026. Salih said the budget preparation process requires prioritizing public expenditures and diversifying revenue streams. The stated goals include reducing dependency on oil revenues and implementing sustainable fiscal policies. The financial advisor said the new budget would serve as a buffer against risks including inflation, exchange rate fluctuations and movements in global energy prices. He added that coordination with relevant institutions would be strengthened to maintain fiscal discipline, and that the 2027 budget would be prepared within a framework of transparency principles.