Iraq’s general budget to exceed $300bn in 2032, PM says
- Prime Minister Ali Al-Zaidi announced plans to increase crude oil production capacity to 10 million barrels per day by 2032.
- The draft 2027 budget is estimated at $165.6 billion, indicating a significant increase by 2032 compared to near-term fiscal plans.
- Iraq aims to enhance the investment climate by streamlining procedures and providing incentives like customs exemptions to attract capital.
