A 27 September Rudaw report provides further detail on the referral: the Ministerial Council for the Economy recommended sending the draft to cabinet after its twelfth session, citing a document signed by Finance Minister Falih al-Sari. This is a recommendation within the budget process, not parliamentary passage. The Insight International revisited the same step on 1 October; that publication date does not make it a new budget decision.
Iraq’s 2027 budget draft has reached the Council of Ministers following review by the Ministerial Council for the Economy, Iraq Horizons reported on 29 September. The draft and its principal fiscal assumptions had not been published at the time of the report.
The proposed changes include introducing programme and performance budgeting in electricity and in Diwaniya and Salahuddin. The report also describes plans to move eligible contract and daily workers into permanent public employment, with the number of employees and fiscal cost still undisclosed.
Preparation is proceeding earlier than in previous budget cycles, although cabinet consideration is not parliamentary approval. The source identifies political negotiations and public-employment commitments as factors that could influence the timetable and final spending choices.
The most direct implications concern public administration and businesses dependent on government investment, including engineering and contracting. The electricity proposals merit particular attention, but the report does not establish new project allocations or awards. It provides no comparable basis for assessing agribusiness demand. That would require relevant allocations or measures, rather than an inference from the budget’s procedural progress alone.
Rudaw also reported renewed Baghdad–Erbil discussions over the Kurdistan Region’s allocation. The report did not publish the draft’s total spending, revenue, deficit or oil-price assumptions. No settled regional share or new project allocation can be inferred from this procedural step.
Historical context — The Iraqi Gazette records an annual budget law for 2021 and a separate law covering 2023–25. The IMF subsequently reported late implementation of the latter. These examples explain why earlier draft preparation cannot establish when expenditure will occur. An annual and a multiyear cycle are also different comparators: the linked budget profiles record their outcomes and the limits of each comparison.