Every finding

The 2025 report examines state final accounts from FY2017–2019.

The Board identifies reports issued in 2025 on these three historical final accounts. This establishes the scope of this annual report, not the latest account audited anywhere or the present state of the books.

13 budget sections spent beyond their revised allocations — IQD 2.25tn (~$1.5bn) beyond their combined allocations in FY2017.

The Board’s FY2017 over-execution table. Its difference and execution-rate columns are reproduced as printed; rounding can differ from arithmetic on the displayed million-dinar amounts.

Basra — general & local administration spent 445% of its allocation — IQD 61.7bn (~$41m) beyond it.

The steepest over-execution rate in the table.

The single largest over-spend: National Pension Authority, IQD 1.67tn (~$1.1bn) beyond its allocation (118% of budget).

The largest absolute gap between allowed and spent in the table.

Budgeted non-oil revenue for FY2017: IQD 10.24tn (~$6.8bn) — led by taxes on income & wealth at 32%.

The seven budget estimates on printed page 61, summed; shares are of the estimated non-oil total, not actual collections.

Across 2011–2018 Iraq budgeted IQD 136.79tn (~$91.2bn) of deficits — the actual combined result was a deficit of IQD 12.71tn (~$8.5bn).

Planned deficit figures and reported actual annual balances, summed for FY2011–2018. The planned sum excludes 2014, when no budget law was issued; the actual sum includes it. Planned deficits are financing assumptions, not a forecast of proven losses.

2014: Iraq ran the entire year without a budget law — and closed it IQD 27.70tn (~$18.5bn) in deficit.

Where the planned-deficit figure should be, the Board prints “no budget law was issued.”

The oil governorates were owed IQD 649.7bn (~$433m) under the 5% petrodollar rule in FY2019 — Basra alone IQD 396.1bn (~$264m).

Entitlements recorded by the Board, governorate by governorate.

$40.4bn of Iraq's foreign debt was reported unsettled at end-2019, 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.

The annex records pension deductions reported unpaid across 31 published entries.

Annex table 30 entries may repeat bodies and cover different audit periods. They cannot establish a unique national liability total, a current unpaid balance or whether the sums remain unpaid today.

The annex records treasury profit shares reported unpaid across 11 published entries.

Annex table 31 repeats Ur’s IQD 16,756 million amount under two report references. Summing entries would double count that balance; the register does not establish a unique or current national liability total.

7 annex entries report companies beyond the legal loss threshold — Mosul Dam Tourist City Co was reported at 1,221% losses relative to capital.

Accumulated deficit against capital, as the Board records it — annex table 3.

The absolute row gaps in two records of pre-2003 debt at end-2019 sum to IQD 2.29tn (~$1.5bn) — the Public Debt Directorate and the Accounting Directorate keep different books.

Absolute row-by-row differences summed, rather than the signed net difference between the total balances — printed page 88. The historical dinar equivalents are preserved as printed.