Iraq’s newest audited state account is FY2019 — six years old.
The Board’s 2025 annual report closes the books on fiscal years 2017, 2018 and 2019. Nothing after 2019 has a final audited account. — printed page 59.
The Ledger
Iraq, audited — in plain English. Each year the Federal Board of Supreme Audit publishes its annual report: 713 pages of Arabic fiscal tables, the state’s own record of where its money went. The Ledger extracts, verifies and translates them into findings.
13 state bodies spent past what parliament allowed — IQD 2.25tn (~$1.7bn) beyond their combined allocations in FY2017.
From the Board’s over-execution table: entities whose actual spend exceeded the revised allocation. — printed page 59.
Basra — general & local administration spent 445% of its allocation — IQD 61.7bn (~$47m) beyond it.
The steepest over-execution rate in the table. — printed page 59.
The single largest over-spend: National Pension Authority, IQD 1.67tn (~$1.3bn) beyond its allocation (118% of budget).
The largest absolute gap between allowed and spent in the table. — printed page 59.
Everything Iraq earned beside oil in FY2017: IQD 10.24tn (~$7.9bn) — led by taxes on income & wealth at 32%.
The non-oil revenue table, summed; shares computed from the Board’s own rows. — printed page 61.
Across 2011–2018 Iraq budgeted IQD 136.79tn (~$105.2bn) of deficits — the actual combined result was a deficit of IQD 12.71tn (~$9.8bn).
Planned deficit per budget law vs the Board’s recorded outturn, summed across the audited years. The budget document and reality are different genres. — printed page 68.
The oil governorates were owed IQD 649.7bn (~$500m) under the 5% petrodollar rule in FY2019 — Basra alone IQD 396.1bn (~$305m).
Entitlements recorded by the Board, governorate by governorate. — printed page 78.
$40.4bn of Iraq's foreign debt remains unsettled across 10 creditor countries — the largest single claim held by Saudi Arabia.
Unresolved external debt as of the audited year, by creditor, as the Board records it. — printed page 90.
Every figure is transcribed in two independent passes and reconciled against the report’s printed totals; figures that do not reconcile are withheld. Audit observations are the Board’s recorded findings, not convictions, and name institutions, never individuals.
The deficit Iraq planned vs the result it ran 2011–2018
Every year parliament budgets a deficit; the Board records what actually happened. Figures in IQD billions; a positive actual balance is a surplus.
PLANNED DEFICIT ACTUAL SURPLUS ACTUAL DEFICIT
| Year the fiscal year | Planned deficit the deficit written into the budget law | Actual revenue what actually came in | Actual spending what actually went out | Actual result surplus (+) or deficit (−) that really happened | Accumulated running total of results |
|---|---|---|---|---|---|
2011 | -15,727 | 103,989 | 78,758 | 25,231 | 58,542 |
2012 | -14,796 | 119,817 | 105,140 | 14,677 | 83,773 |
2013 | -19,128 | 113,840 | 119,128 | -5,288 | 98,451 |
2014 | — | 97,619 | 125,321 | -27,702 | 93,163 |
2015 | -25,414 | 69,747 | 81,525 | -11,778 | 53,682 |
2016 | -24,195 | 55,455 | 75,164 | -19,709 | 33,973 |
2017 | -25,019 | 80,930 | 87,216 | -6,286 | 27,687 |
2018 | -12,514 | 106,712 | 88,566 | 18,146 | 45,833 |
FEDERAL BOARD OF SUPREME AUDIT · ANNUAL REPORT 2025 · PRINTED PAGE 68 · UNIT IQD bn · CSV ↓
Who spent beyond the budget FY2017
Sections that spent more than parliament finally allowed them, in the Board’s final-account audit. Figures in IQD millions; dollars at the official 1,300 rate.
| Section the spending entity · ministry beneath | Allowed what parliament finally allowed | Spent what actually went out | Beyond budget the over-spend | Of budget 100% = exactly on budget |
|---|---|---|---|---|
Basra — general & local administrationالادارة العامة والمحلية لمحافظة البصرة Basra Governorate | 17,890 | 79,624 | +61,734~$47m | 445% |
Social Protection Authorityهيأة الحماية الاجتماعية Ministry of Labour & Social Affairs | 1,498,484 | 1,859,183 | +360,698~$277m | 124% |
National Pension Authorityهيأة التقاعد الوطنية Ministry of Finance | 9,493,072 | 11,163,439 | +1,670,367~$1.3bn | 118% |
University of Ninevehجامعة نينوى Ministry of Higher Education | 9,779 | 10,733 | +954~$733,846 | 110% |
Border Forces Commandقيادة قوات الحدود Ministry of Interior | 703,585 | 751,696 | +48,111~$37m | 107% |
Federal Police Commandقيادة قوات الشرطة الاتحادية | 1,409,534 | 1,476,397 | +66,863~$51m | 105% |
General Authority for Groundwaterالهيئة العامة للمياه الجوفية Ministry of Water Resources | 11,977 | 12,426 | +449~$345,385 | 104% |
Nineveh Health Directorateدائرة صحة محافظة نينوى | 250,608 | 261,542 | +10,934~$8m | 104% |
Ministry headquartersمركز الوزارة Ministry of Health & Environment | 887,271 | 909,486 | +22,215~$17m | 103% |
Diyala — general & local administrationالادارة العامة والمحلية لمحافظة ديالى Diyala Governorate | 50,397 | 51,378 | +981~$754,615 | 102% |
Muthanna Health Directorateدائرة صحة محافظة المثنى Muthanna Governorate | 90,993 | 92,405 | +1,412~$1m | 102% |
Irrigation & Drainage Operations Authorityالهيئة العامة لتشغيل مشاريع الري والبزل | 92,945 | 93,163 | +219~$168,462 | 101% |
Diwaniyah Health Directorateدائرة صحة محافظة الديوانية Diwaniyah Governorate | 148,447 | 150,317 | +1,870~$1m | 101% |
FEDERAL BOARD OF SUPREME AUDIT · ANNUAL REPORT 2025 · PRINTED PAGE 59 · IQD MILLIONS · DOLLARS AT THE OFFICIAL 1,300 · CSV ↓
What each governorate is owed from its oil FY2019
The petrodollar rule: 5% of the value of oil produced in a governorate is owed back to it. The Board records the entitlements. IQD millions.
| Governorate where the oil was produced | Crude sold value of crude produced there and sold | 5% due (crude) the governorate’s crude entitlement | Refined sold value of refined product sold | 5% due (refined) the refined entitlement | Total owed the full amount owed to the governorate |
|---|---|---|---|---|---|
Basraالبصرة | 7,921,863 | 396,093 | 0 | 0 | 396,093 |
Maysanميسان | 1,864,005 | 93,200 | 0 | 0 | 93,200 |
Baghdadبغداد | 0 | 0 | 820,019 | 41,001 | 41,001 |
Dhi Qarذي قار | 595,058 | 29,753 | 0 | 0 | 29,753 |
Wasitواسط | 558,374 | 27,919 | 0 | 0 | 27,919 |
Kirkukكركوك | 449,503 | 22,475 | 0 | 0 | 22,475 |
Salah al-Dinصلاح الدين | 0 | 0 | 295,728 | 14,786 | 14,786 |
Najafالنجف | 0 | 0 | 155,443 | 7,772 | 7,772 |
Muthannaالمثنى | 0 | 0 | 138,659 | 6,933 | 6,933 |
Qadisiyahالقادسية | 0 | 0 | 104,414 | 5,221 | 5,221 |
Anbarالانبار | 0 | 0 | 57,455 | 2,873 | 2,873 |
Ninevehنينوى | 34,179 | 1,709 | 0 | 0 | 1,709 |
Diyalaديالى | 87 | 4 | 0 | 0 | 4 |
FEDERAL BOARD OF SUPREME AUDIT · ANNUAL REPORT 2025 · PRINTED PAGE 78 · UNIT IQD mn · CSV ↓
What Iraq earns beside oil FY2017
The state’s non-oil income by source, as recorded in the final account. Figures in IQD millions; dollars at the official 1,300 rate. Total: IQD 10.24tn (~$7.9bn).
| Source | Amount (IQD m) | ~USD | Share |
|---|---|---|---|
Taxes on income & wealthالضرائب على الدخول والثروات | 3,322,217 | $2.6bn | 32% |
Transfer revenuesالايرادات التحويلية | 2,165,293 | $1.7bn | 21% |
Commodity taxes & production feesالضرائب السلعية ورسوم الانتاج | 1,943,838 | $1.5bn | 19% |
Other revenuesالايرادات الأخرى | 1,104,401 | $850m | 11% |
Budget share of state-company profitsحصة الموازنة من ارباح القطاع العام | 886,935 | $682m | 9% |
Feesالرسوم | 688,767 | $530m | 7% |
Capital revenuesالايرادات الرأسمالية | 125,124 | $96m | 1% |
FEDERAL BOARD OF SUPREME AUDIT · ANNUAL REPORT 2025 · PRINTED PAGE 61 · IQD MILLIONS · DOLLARS AT THE OFFICIAL 1,300 · CSV ↓
The debts Iraq has never settled FY2019
Foreign debts that remain unresolved decades on, by creditor country, as the Board records them. US dollars, millions.
| Creditor the country owed | Debt ($m) the unsettled amount |
|---|---|
Saudi Arabiaالسعودية | 15,774 |
Turkeyتركيا | 9,464 |
Kuwaitالكويت | 6,815 |
الامارات العربية | 3,550 |
Qatarقطر | 1,500 |
Jordanالأردن | 1,400 |
Egyptمصر | 860 |
Polandبولندا | 852 |
Pakistanباكستان | 112 |
Sudanالسودان | 74 |
FEDERAL BOARD OF SUPREME AUDIT · ANNUAL REPORT 2025 · PRINTED PAGE 90 · UNIT USD mn · CSV ↓
Publishing next as their extractions validate: the deficit Iraq planned versus the deficit it ran, 2011–2019 · the money courts ordered recovered versus the money that came back · each governorate’s petrodollar entitlement · every loan Iraq owes. All from the same registered report, all checked the same way. The Data Room →
Names in English are the desk’s renderings; the Arabic beneath each is the Board’s own text and the authoritative version. Dollar figures are context only, converted at the official 1,300 IQD/USD budget rate.