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Iraq posts $5bn budget gap as oil revenue slumps during Iran war

By CityCalc Newsroom · Fri Jun 26 2026 · Source: AGBI

Iraq posted a fiscal deficit of ID6.7 trillion ($5 billion) in the first four months of 2026 after the Iran war dented oil export revenue, underlining the need for government approval of a new state budget. The Iraqi government has been spending a monthly average of just over 8 …

Iraq posted a fiscal deficit of ID6.7 trillion ($5 billion) in the first four months of 2026 after the Iran war dented oil export revenue, underlining the need for government approval of a new state budget. The Iraqi government has been spending a monthly average of just over 8 …

Curated by CityCalc from AGBI. Read the full article at the source.

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