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Iraq

Volume 460: debated on Thursday 17 May 2007

To ask the Secretary of State for Foreign and Commonwealth Affairs what estimate she has made of the proportion of unspent funds in the Iraqi budget in each of the last three financial years. (137181)

The following table contains estimates of Government of Iraq (GoI) planned and actual revenue and expenditure between 2004 and 2007 in millions of Iraqi Dinars. The financial year in Iraq runs on our calendar year. We do not hold accurate estimates for expenditure figures for 2004 as this marks the transition from the Coalition Provisional Authority to the Interim Iraqi Government.

2004

2005

2006

2007

Budget estimate of revenues1

21,729,100

28,958,608

45,392,304

42,064,530

Budget estimate of expenditures2

n/a

35,981,168

50,963,161

51,727,468

Estimate of final revenues3

26,595,000

36,655,000

49,265,000

n/a

Estimate of final expenditures4

n/a

29,130,000

38,922,000

n/a

1 Source: GoI budget. This excludes some items including grants from donors and some government operations including sale of State Owned Enterprises.

2 Source: GoI budget. This excludes some items including donor financed spending and subsidies in kind to state owned enterprises.

3 Source: International Monetary Fund (IMF) published reports

4 Source: IMF published reports.