Iraq records fiscal deficit of 36.26 trillion dinars during the first nine months of 2026

A report issued by the Accounting Department at the Iraqi Ministry of Finance revealed that a fiscal deficit of 36.26 trillion dinars was recorded during the first nine months of 2026, in light of a decline in oil revenues by 50.8 percent compared to the same period last year.

The report indicated that total government expenditure amounted to about 89.08 trillion dinars until the end of last September, compared to total revenues of 52.82 trillion dinars, which means that revenues covered about 59 percent of expenditures.

He pointed out that operating expenses accounted for 85.68 trillion dinars, equivalent to 96.2 percent of total spending, compared to 3.40 trillion dinars for investment expenses, or 3.8 percent.

Employees' salaries topped the list of expenditures with 46.13 trillion dinars, equivalent to 87.3 percent of total revenues, followed by social welfare allocations with about 20.57 trillion dinars, while expenses for services and loan interest payments amounted to 7.95 trillion dinars.

On the revenue side, oil revenues amounted to 40.20 trillion dinars, representing 76 percent of total revenues, while non-oil revenues amounted to 12.62 trillion dinars, accounting for 24 percent.

The report showed a decrease of 42.5 percent in total revenues compared to the same period in 2025, when it reached 91.85 trillion dinars, and oil revenues decreased from 81.75 trillion dinars to 40.20 trillion dinars, while the fiscal deficit increased from 8.13 trillion dinars to 36.26 trillion dinars.

About Qatar Living:

Since 2005, Qatar Living has been the trusted destination for everything Qatar. As the country's largest online community and marketplace, Qatar Living connects people with opportunities through jobs, property, vehicles, services, classifieds, events, local insights, and breaking news. Trusted by residents, newcomers, visitors, and businesses alike, Qatar Living brings Qatar together in one place.

Instagram - @qatarliving

X - @qatarliving

Facebook - Qatar Living

YouTube - qatarlivingofficial