Dinar NEWS Blog – Daily

A Turkish report outlines the Zaidi equation: Washington for investment, Tehran for balance, and Ankara for development.

A Turkish report outlines the Zaidi equation – Washington for investment – Tehran for balance and Ankara for developmentShafaq News – Translation
The successive and rapid visits of Iraqi Prime Minister Ali al-Zaidi to Washington, Tehran and Ankara are considered “important” in terms of demonstrating the new government’s approach to foreign policy, according to the Turkish website ” Politics Today ,” which believes that al-Zaidi’s moves show his pursuit of investment from the United States, political balance from Iran, and economic ties from Turkey.

“Politics Today” said in a report translated by Shafaq News Agency that, for Iraq, Washington and Tehran are two capitals closely linked in terms of security, capital, historical influence, and developments in Iraqi domestic politics, while Ankara, on the other hand, represents the most realistic, stable, and reliable economic route through which the country can access global markets.

The Turkish website argued that for this reason, al-Zaidi’s visit to Ankara immediately after his engagements in Washington and Tehran should not be seen as merely a visit to a neighboring country, as this visit shows that Baghdad, which has placed economic development at the heart of its government program, does not view Turkey only as a trade partner, but as a strategic gateway in the equation of production, transportation and energy in Iraq.

The report noted that the most important aspect of al-Zaidi’s talks in Ankara was not the number of documents signed, but rather what they addressed in terms of the needs of Iraq and Turkey, recalling that five memoranda of understanding were signed covering educational and academic cooperation, youth and sports, industrial property, rail and road transport via the Fishkhabur-Ovakoy border crossing, and the development of transport infrastructure in Iraq in exchange for natural resources.

The report explained that while the first three agreements represent an expansion of the social and institutional basis of the relationship, the last two agreements have direct strategic importance to Iraq’s economic future, because they strengthen the links necessary to move the “Development Road” project, which aims to link the Grand Faw Port in Basra to the Turkish border and from there to Europe, to the implementation phase. IraqTravel Guide

The report continued that al-Zaidi’s visit shows that the new Iraqi government is maintaining the strong relations that have been established between Iraq and Turkey in recent years, recalling that during President Recep Tayyip Erdoğan’s visit to Baghdad in April 2024, 27 legal texts were signed, while 11 documents were signed at the High-Level Strategic Cooperation Council meeting held in May 2025.

He added that “the fact that al-Zaidi included Ankara in his first foreign itinerary since taking office indicates that Türkiye has secured a permanent place in Iraq’s development plans.”

After noting that Iraq has been producing oil for many years, but has not been able to adequately control the routes through which this oil is transported, the report explained that a large percentage of oil revenues depend on exports through the southern ports and the Strait of Hormuz, which means that any military tension in the Gulf directly becomes a problem for the Iraqi budget. It added that this confirms the real importance of the “Development Corridor,” which, if successful, will achieve more than just transporting containers from Basra to Turkey. It will also establish new industrial zones, logistics centers, energy networks, and urban development areas along the route. Given the number of young people in Iraq and the high unemployment rate, this transformation will provide an alternative to the limited job opportunities currently available in the oil sector alone.

According to the report, Turkey plays a role in this equation that no other neighbor of Iraq can easily fulfill, explaining that while Iran is linked to Iraq through energy, trade and political networks, and the Gulf states can provide capital to Iraq, Turkey is the only direct neighbor capable of linking Iraq to the European market by land and rail, and to the Mediterranean Sea via Ceyhan.

In addition, the report stated that building the economic foundation between the two countries will not be from scratch, noting that the volume of trade between Turkey and Iraq reached about $17 billion in 2025, while Turkish companies implemented more than 1,000 projects in Iraq with a total value of about $40 billion.

But the report noted that the Saudi-American airstrikes that occurred immediately after the visit to Ankara demonstrated the fragility of the security environment in which the development diplomacy being carried out by al-Zaidi, who cancelled his visit to Riyadh, was taking place. It added that within days, Iraq, which had been discussing transport corridors and economic integration in Ankara, was once again drawn into the military arena of US-Iranian tensions.

The report considered that such a development does not diminish the importance of the Ankara visit, but rather, on the contrary, enhances it, explaining that Iraq’s way to rid itself of regional military competition does not lie solely in maintaining balanced relations with Washington and Tehran, adding that Iraq must raise the cost of conflict by developing its economic ties, thereby forcing countries to back down from engaging on its territory.

He went on to explain that it is difficult to claim that the trade, energy and transport networks that will be established with Turkey will provide Baghdad with an absolute security guarantee, but these links will make Iraq’s stability more valuable to Turkey, Europe, the Gulf States and international companies.

The report noted that economic interdependence alone would not prevent war, but it would help Iraq move away from being seen solely as a country defined by militias, military bases, and spheres of influence.

The report concluded by saying that, given al-Zidi’s initial foreign policy moves, he is seeking investment from Washington, political balancing from Tehran, and economic ties from Ankara. However, of these three capitals, Turkey stands out for offering the most viable path to transforming Iraq’s geography into an economic advantage by operating the roads extending north.

He concluded by saying that the real issue is not the signing of the five documents in Ankara, but whether the pipeline running from Ovakoy to Faw, the oil flowing from Kirkuk to Ceyhan, and the $30 billion commercial target will make the Iraqi state stronger and more independent.

Shafaq.com

Al-Fatlawi reveals the reasons for the delay in filling the vacant positions in Al-Zaidi’s government.

Ali al-Fatlawi, a member of the Reconstruction and Development Coalition, revealed the reasons for the delay in filling the vacant ministerial positions in al-Zaidi’s government, stressing the importance of expediting the process and presenting alternative candidates to ensure the remaining ministries are approved.

Al-Fatlawi told Al-Maalouma, “Some political blocs have submitted candidates for the vacant ministerial portfolios in al-Zaidi’s cabinet, providing an alternative in case the first candidate is rejected. This has created a problem among the political blocs.”
He added, “Some blocs refuse to replace their candidates or present alternatives, despite concerns regarding their resumes and experience in the executive or legislative branches. This has created a political deadlock.”

He explained that “the issue of alternative candidates should have been resolved earlier, not now, in order to expedite the formation of the cabinet and ensure the completion of the vacant positions in al-Zaidi’s government, avoiding problems and disagreements among the various parties.”

Almaalomah.me

Former MP: The Popular Mobilization Forces will have a law passed in parliament in the coming days

Former MP Hussein Ali confirmed that the Popular Mobilization Forces (PMF) will have its own law, as Parliament moves towards enacting a PMF law, despite some external messages regarding this legislation.

Ali told Al-Maalouma, “The PMF law, which is expected to be passed in the coming days, has not faced any external comments or negative messages from the US administration, despite attempts to obstruct its passage during the previous parliamentary session.” He added, “There are some messages regarding merging the PMF law with other laws or reintroducing it in Parliament under a different title, but the reality is that the law will be enacted in the coming days, and there is a move to pass it in Parliament in the near future.” He explained, “The PMF will have a law in any case, whether through the enactment of a law specific to the PMF Commission or through its merger with another entity, in which case it will have its own law. Ultimately, the law will be enacted during the current parliamentary session.” 25 Former MP: The PMF will have a law enacted in Parliament in the coming days.

Almaalomah.me

Al-Zaydi directs border crossings to operate on self-financing and emphasizes combating corruption.

On Friday, Prime Minister Ali Faleh al-Zaidi directed the Border Ports Authority to operate on a self-financing system through tax and customs fees, while stressing the need to combat corruption.

Al-Zaydi visited the headquarters of the Border Ports Authority in the capital, Baghdad, where he met with the directors of the border ports and their employees via video conference, praising their efforts and their role in protecting the country’s sovereignty and economy, and ensuring the safety of citizens, according to a statement received by Shafaq News Agency.

Al-Zaydi stressed that border crossings represent the face of the state and its economic, security and sovereign gateway, stressing the need to expedite the completion of the border crossing automation project and to put an end to attempts at fraud, corruption and manipulation. EconomicReform analysis

He instructed that all ports be linked to a secure electronic system, and that a comprehensive daily report be provided on the movement of work and revenues, and that leading global experiences in managing border ports be utilized.

He also called for border crossings to be self-financed, with tax and customs fees being deducted upfront and before transfers are made, as well as service fees being allocated for the purpose of rehabilitating and developing the crossings.

He stressed that combating corruption at border crossings will be a top priority, and that the next phase will witness unprecedented and decisive measures in this direction, emphasizing that smuggling drugs and medicines, circumventing the competent authorities, and other forms of smuggling, represent serious crimes that target society and kill the sons of the Iraqi people, and there will be no leniency with their perpetrators.

For his part, the head of the Border Ports Authority, Omar Adnan Al-Waili, reviewed the development road project and its importance, following the signing of an agreement to begin its implementation with the Turkish side, explaining the routes of the road on both the railway and land sides, and the possibilities of linking it through Syria and Saudi Arabia, as well as the connection stations with the Iraqi governorates.

He pointed to efforts to develop the work of border crossings, most notably activating a robust electronic transit system, linking with the ASYCUDA system, addressing unofficial crossings, controlling financial transfer operations, combating drug smuggling, reviewing customs exemptions, and combating the forgery of tax receipts.

The head of the ports authority explained the increase in customs revenues during the current year, after adopting a sound electronic mechanism to control the movement of trucks, and the rehabilitation of a number of border crossings to improve the level of their services, which enhances their ability to protect the national economy.

Shafaq.com

Exclusive: Details of an Iraqi-Saudi-American meeting dominated by factions and al-Zaidi’s movements

Two Iraqi and Saudi diplomatic sources revealed on Friday details of a meeting held the previous evening in Riyadh, which included delegations from Iraq and Saudi Arabia and representatives of the US Central Command (CENTCOM), to discuss security developments and the issue of armed factions in Iraq.

The Iraqi diplomatic source told Shafaq News Agency that the meeting addressed the latest developments regarding the factions and the options available for dealing with them, without revealing the nature of those options or any further details about them.

According to the two sources, Saudi Defense Minister Prince Khalid bin Salman is overseeing the file and related communications from the Saudi side, while the Director of the Office of the Commander-in-Chief of the Iraqi Armed Forces, Lieutenant General Abdul Amir al-Shammari, is managing a major aspect of the security file in communications between Baghdad and Riyadh.

The Iraqi source indicated that the participation of the head of the Counter-Terrorism Service, Lieutenant General Zaid Hoshi, in the meetings was welcomed by the Saudi side, given that the discussions focused on the measures taken by Baghdad to control the security situation and prevent the recurrence of attacks launched from Iraqi territory.

For its part, a Saudi diplomatic source told Shafaq News that Riyadh views positively the security and military changes being made by Iraqi Prime Minister Ali Faleh al-Zubaidi, considering them to reflect a more serious approach from Baghdad to stop attacks targeting the Kingdom and countries in the region.

He added that Saudi officials now see al-Zaidi as “serious about limiting the ability of factions to carry out attacks against the Kingdom and countries in the region again,” stressing that “security coordination between Baghdad, Riyadh and Washington will continue during the current phase.”

The Iraqi security delegation, headed by Al-Shammari, arrived in Riyadh on Thursday. It included the head of the intelligence service, Hamid Al-Shatri, the commander of the air defense, Lieutenant General Muhannad Al-Asadi, and the head of the counter-terrorism service, Lieutenant General Zaid Hawshi, to hold talks related to drone attacks and security coordination between the two countries.

The Iraqi delegation’s visit came less than a week after Saudi General Intelligence Chief Khalid bin Ali al-Humaidan visited Baghdad and met with al-Zaidi, where the two sides agreed to continue security coordination and information exchange, and the Iraqi Prime Minister stressed that his country’s territory would not be allowed to be used as a launching pad for actions targeting other countries.

Baghdad and Riyadh are trying to contain a sharp escalation of tensions that erupted at the end of July, when Saudi Arabia announced it had intercepted drones that it said were launched from Iraqi territory and targeted oil facilities, before US and Saudi fighter jets carried out strikes inside Iraq on July 29 that CENTCOM said targeted weapons depots and logistical sites of factions linked to Iran.

The Popular Mobilization Forces said that the strikes targeted official headquarters belonging to it in a number of provinces and resulted, according to an initial tally it announced at the time, in the killing of at least 20 of its members and the wounding of 32 others, while armed factions vowed to respond to the United States and Saudi Arabia and gave the Iraqi government a deadline to take a position on the bombing. The escalation at the time led to the suspension of a planned visit by al-Zaidi to Riyadh.

But the contacts that followed the confrontation gradually pushed the two countries to resume their security channels, before a private Iraqi source revealed to Shafaq News Agency on Thursday evening that Saudi Arabia had informed the Iraqi delegation of its intention to return its diplomatic mission to Baghdad within three months or less, in exchange for obtaining guarantees regarding the security of the mission headquarters and its personnel.

The Saudi mission had left Baghdad on March 17, due to the deteriorating security situation and the attacks that the capital witnessed, including drone attacks that targeted the Al-Rasheed Hotel.

Shafaq.com

Parliamentary Finance Committee: The Ministry of Finance has begun preparing the 2027 budget.

The Parliamentary Finance Committee confirmed on Friday that the Ministry of Finance has begun preparing the 2027 budget. The committee also indicated that the Grants and Borrowing Law will be presented to Parliament next week. Committee member Ikhlas al-Dulaimi stated to the official news agency that “during the committee’s visit to the Prime Minister, several issues were agreed upon, including the agreement to send the 2027 budget.” She added that “the Finance Committee has taken upon itself the task of legislating the Grants and Borrowing Law, and an agreement has been reached with the government to approve it. The first reading will take place next week.”

She added that “the Ministry of Finance is directly involved in preparing the 2027 budget, and has prepared the budget strategy and involved the Finance Committee and a number of ministries and representatives of the region in it, in order to send it to the committee.” She continued that “there is an agreement between the Prime Minister and the Finance Committee that there should be a budget and pass it in the House of Representatives as quickly as possible, considering that the country’s situation requires that there be a budget in order to have financial stability in which the exchange rate, the price of a barrel, export mechanisms and how to work are determined.”

Regarding the confirmation of contracts, Al-Dulaimi explained: “We did not discuss the contracts with the Prime Minister and the Minister of Finance, but the financial situation is difficult due to the lack of oil exports, so we expect that the state will not get involved in the details of the financial aspects.”

The member of the Finance Committee also explained that “according to what is included in the Financial Management Law, the budget must reach Parliament on 10/15 of this month for its approval for next year,” explaining that “we hope to resolve the crisis of promotions and allowances in the budget.”

Burathanews.com

Financial advisor: The government has developed plans aimed at increasing non-oil revenues to 45%

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed on Friday that the government’s economic direction focuses on transitioning from a rentier economy that relies on the distribution of oil revenues to a productive economy, by strengthening the role of the private sector, diversifying revenue sources, and financing infrastructure projects. Salih told the official news agency that “Prime Minister Ali Falih al-Zaidi’s economic vision stems from identifying two fundamental issues: first, the weak role of the private sector in productive activity, and second, the weakness of non-oil revenues in the budget due to the nature of the rentier economy.” He explained that “the goal is to move from a distributed and consumer economy to a productive and consumer economy, because sustainable consumption requires production.” EconomicReform analysis

He added that “the vision is based on dealing with oil as a productive asset and not a resource that goes to consumption, by seeking to add about two million barrels per day to Iraq’s production from its natural oil quota,” noting that “the proceeds of this additional production will be directed to a fund called the Energy and Development Fund.”

He also explained that “the Energy and Development Fund will allocate its proceeds in two main directions: first, developing strategic infrastructure, and second, supporting economic development,” noting that “Iraq needs infrastructure in the education, health, housing, energy and water sectors, in line with the expected growth in population and young workforce.”

He also pointed out that “the young workforce in Iraq will constitute a large percentage of the population in the coming years, and may reach about 60 percent by 2037, which represents a demographic gift that can turn into a large productive force if it is trained and provided with the requirements for living and working.”

Saleh stressed that “electricity is a fundamental pillar of the infrastructure, and no economic revival can be achieved without stable electrical power,” while also emphasizing the importance of “organizing and managing water resources for irrigation, drinking, and various developmental uses.”

He also noted that “investment will begin with the energy sector as a source of cash flows, while working to increase Iraq’s share of oil production,” explaining that “the government seeks to make OPEC understand Iraq’s need to restore its natural role in the oil market, after its share was affected during the past decades by geopolitical conflicts and instability.”

He explained that “the private sector has an important role in the Energy and Development Fund, as it is a sovereign fund directed towards domestic production and construction,” noting the possibility of “using part of the fund’s money as guarantees for the private sector to enable it to borrow from local and international financial markets and contribute to the advancement of the economy.”

He also added that “the Prime Minister chairs a number of councils and bodies concerned with market development, investment and combating corruption, which will contribute to drawing a roadmap for the role of the private sector in development and improving the business environment.”

Saleh emphasized that “the goal is to increase the private sector’s contribution to economic activity and raise non-oil revenues from 10% to 45% by 2037, which represents an important demographic turning point for Iraq, with the increasing proportion of the working-age population.”

He stressed that “the next stage requires investing in the demographic dividend and transforming it into a productive force by providing infrastructure, education, health and job opportunities, in order to ensure the building of a more diversified, sustainable and less oil-dependent economy.”

Burathanews.com

Ministry of Oil: Our oil exports since the beginning of August have reached two million barrels per day

Oil Minister Bassem Mohammed Khudair announced on Friday the opening of the central gas processing plant in the Al-Faihaa oil field. He also noted that four oil tankers are currently carrying Iraqi crude for export. He confirmed that oil exports have reached two million barrels per day since the beginning of August. Khudair stated in a joint press conference with Basra Governor Asaad Al-Eidani that “the ministry is proceeding with the implementation of service and community projects in the oil-producing areas, in coordination with the local government and the representatives of Basra Governorate,” pointing out that “the investment of oil and gas wealth is accompanied by the implementation of projects that serve the residents of the areas surrounding the fields.”

He also explained that “these projects come within the Ministry of Oil’s program and in direct coordination with the local government, through working as one team to achieve the best projects and reduce the suffering of the Iraqi citizen, especially in Basra.”

He added that “the directives of Prime Minister Ali Faleh Al-Zaidi confirm that investment must be accompanied by the establishment of service and community projects that serve the residents of the regions,” indicating that “the vision of the Ministry of Oil is based on making all governorates oil and gas governorates, which contributes to improving their economic conditions.” EconomicReform analysis

He also pointed out that “licensing rounds will provide an increase in production capacities and additional quantities of gas, as well as attracting manpower, reducing unemployment, and building oil and gas industrial infrastructure,” stressing that “building human beings comes in parallel with building oil infrastructure, as there is no oil infrastructure without human infrastructure.”

He pointed to the “continuation of service projects in Basra,” stressing that “the ministry is working in coordination with the local government to address service issues, including water, and to support projects that serve citizens.”

He noted that “the Ministry of Oil seeks to achieve self-sufficiency in gas and increase production capacities at the production and export levels,” explaining that “the central gas processing plant that was opened today in the Al-Faihaa field has a capacity of 130 million standard cubic feet per day, while the oil capacity of the field is 100,000 barrels per day.”

He also explained that “UAE is investing in three important fields in the south, namely the Faihaa field, the Siba gas field, and the Faw exploration area,” noting that “the initial signs of exploration operations in Faw have shown the presence of oil and gas, which is a new boon for Iraq.”

Regarding oil exports, the minister said: “Negotiations are underway with the concerned parties,” noting that “there are four oil tankers carrying crude oil, and that exports since the beginning of the month have reached an average of two million barrels, while exports for the seventh month reached about 49 million barrels,” stressing that “the staff of the Ministry of Oil, represented by the Oil Marketing Company, the Basra Oil Company and other companies, are making exceptional efforts to maximize exports,” pointing out that “more than 85 percent of the budget depends on exports.”

Regarding pipeline networks, he explained that “a consortium comprising Chevron and the Qatari company UCC will implement a pipeline from Basra to Fishkhabur, with a line extending from Haditha to Banias,” indicating that “the Ministry and the government’s strategy is based on multiple export outlets, with the Strait of Hormuz remaining one of the important outlets, in addition to Ceyhan.”

He stressed that “the Basra-Fishkhabur pipeline project will provide access to oil for all refineries, and thus maximize exports via Ceyhan, in addition to Banias,” noting that “the project is old, but it was disrupted due to financial circumstances, and the ministry is proceeding with its implementation along with other projects to modernize the infrastructure for production and export, maximize financial revenues and attract manpower.”

Burathanews.com

Head of the Integrity Commission: There is no safe haven for looted funds or those wanted for justice.

The head of the Federal Integrity Commission, Mohammed Ali Al-Lami, confirmed on Thursday that there is no safe haven for looted funds or those wanted for justice, while indicating that the hand of justice is stronger than attempts to hide and smuggle funds, and that coordination between Baghdad and Ankara is sufficient to narrow the spaces for those wanted.

The head of the commission, Mohammed Ali Al-Lami, said in a statement that “Iraq and Turkey are moving towards translating the supreme political will between the two countries into decisive procedural steps in the files of justice and the recovery of funds and assets,” stressing that “cooperation between the two countries represents a practical path to pursue perpetrators of corruption and recover the money of the Iraqi people.”

During his visit to the Republic of Turkey and his meeting with Turkish Vice President Cevdet Yılmaz and officials in the Ministry of Justice, the head of the commission added that “the visit to Ankara comes as an extension and culmination of the strategic understandings established by Prime Minister Ali al-Zaidi and the accompanying delegation during his visit, and the high-level coordination with Turkish President Recep Tayyip Erdoğan,” indicating that “the commission is working to translate those understandings into practical and decisive measures in files related to justice and the recovery of funds and assets.”

Al-Lami highly valued the directives of the Turkish President to “accelerate the implementation of the joint understandings,” stressing that “there is no safe haven for looted funds or those wanted for justice in light of the sincere will of the two countries, and that the pursuit of corrupt individuals and the recovery of funds obtained from corruption crimes should not stop at national borders.”

He explained that “his discussions with the Turkish Vice President, Cevdet Yılmaz, and officials in the Turkish Ministry of Justice, in the presence of the Iraqi Ambassador in Ankara, Majid Al-Lajmawi, and a number of members of the Iraqi diplomatic mission, focused on establishing understandings and concrete points of contact that would facilitate and expedite the implementation of Iraqi judicial rulings related to the recovery of funds belonging to those accused and convicted of corruption cases who are present on Turkish soil,” stressing that “the Commission brought with it to Ankara files for the recovery of funds that have completed the procedures and is seeking, in cooperation with the Turkish side, to move them to the implementation stage.”

He pointed out that “the discussions also focus on institutionalizing cooperation between the two sides and opening direct communication channels between the Iraqi Integrity Commission and its counterparts in Turkey, which will contribute to overcoming obstacles and resolving outstanding issues in record time, and transform bilateral cooperation from general understandings into sustainable implementation mechanisms.”

The head of the commission stressed that “drying up the sources of corruption and pursuing its perpetrators does not stop at national borders,” noting that “Iraqi-Turkish cooperation presents a distinguished regional model that proves that the hand of justice is stronger than attempts to hide and smuggle money, and that the integration of efforts between the two countries is capable of narrowing the spaces for wanted individuals and the money obtained from corruption crimes.”

He pointed out that “protecting the movement of trade, investment and development agreed upon by the two countries requires a safe and clean environment free from corruption,” stressing that “recovering the money of the Iraqi people is an integral part of supporting reconstruction efforts and strengthening the economic partnership between Baghdad and Ankara.” EconomicReform analysis

Burathanews.com

Al-Zaydi’s financial advisor reveals the features of the 2027 budget: a tool for regulating Iraq’s economy.

The financial and economic advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, revealed on Thursday the outlines of the 2027 budget, stressing that it will be a tool for reorganizing the country’s financial and economic structure, and not just a management of revenues and expenditures. Iraqeconomy updates

Saleh told Shafaq News Agency that “the 2027 budget is expected to have more advanced features at the level of public finance management, through expanding the application of programs based on the program and performance budgeting approach, which represents a qualitative shift in the governance of public resources and raising the efficiency of government spending.”

He added that “next year’s budget will shift from focusing on the size of spending and its allocations to measuring the results and specific goals achieved by the spending, so that financial resources are linked to programs, projects, performance indicators and targeted development results. This shift is of particular importance in light of the challenges facing Iraqi public finances, foremost among them the need to maximize non-oil revenues, rationalize expenditures, raise the efficiency of public finance management, reduce waste and ensure that spending is directed towards activities and programs of economic and social priority.”

He continued: “From this perspective, the 2027 budget should not be viewed as merely an annual budget for managing revenues and expenditures, but rather as one of the tools for reorganizing the financial and economic structure of Iraq, by linking fiscal policy to the goals of development and economic reform in the medium and long term.”

He revealed that “this comes within the framework of the trend towards building a more sustainable financial system, in which the general budget is a tool for planning and development and not just a means to cover current expenditures, which enhances the state’s ability to manage its resources efficiently, and provides a better basis for implementing development plans and programs within the national vision extending towards 2035, leading to Iraq’s goals of sustainable development, progress and prosperity by 2050.”

He pointed out that “the real challenge facing the 2027 budget will not only be in its approval, but in its ability to translate financial reform into actionable figures and programs, and to achieve a balance between the requirements of public spending, the sustainability of resources, and the protection of the country’s economic and financial stability.”

Shafaq.com