Iraq's 2027 Budget Enters Production
Drafting of the 2027 budget begins with the KRG seated at the table, while the CBI takes over a private bank. The paper that carries the new rate is in production.
Friday, September 4. Tomorrow morning, in a committee room at the Federal Ministry of Finance, Iraq starts writing its 2027 federal budget. A Kurdish lawmaker, Ghalib Mohammed, put the schedule on the record this week. Drafting begins Saturday. The finished draft reaches the Council of Ministers on September 15. About a month of amendments and approval follows, and then parliament votes.
Regular readers know why this desk treats that as the biggest moment of recent months. The exchange rate in Baghdad is not only a market number. It is written into law through the budget. The 1,300 every holder knows by heart has sat there since June 2023, because no government finished a successor document. Its replacement now has a start date, a submission date, and a committee working weekends.
And one more detail tells you how real it is. The Kurdistan Region did not wait for an invitation. Its senior financial delegation arrived in Baghdad on Thursday and took its seats on the High Budget Preparation Committee, the day before the first line gets written. Today's briefing covers what enters production tomorrow, who is at the table, and what the central bank did to the banking system while the calendar was being set.
Reset Intelligence / Research Desk
Your deep research analyst.
Put any question on the IQD, the RV or the reset to the RI research assistant. It answers in seconds and will conduct deep research to find you the answer.
Try the Research Assistant