Central Government Net Lending/borrowing (central Govt Fiscal Balance) for Iraq
IRQGCXCNLGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.17
Year-over-Year Change
34.73%
Date Range
1/1/2004 - 1/1/2025
Summary
The Central Government Net Lending/borrowing (Central Govt Fiscal Balance) for Iraq measures the government's fiscal position, providing insights into the country's economic and fiscal stability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator represents the difference between the government's total revenue and total expenditure, reflecting whether the central government is in a net lending or net borrowing position. It is a crucial metric for evaluating Iraq's fiscal policy and economic performance.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on official government financial statistics.
Historical Context
Policymakers and analysts use this trend to assess the sustainability of Iraq's fiscal policies and the government's ability to manage its budget.
Key Facts
- Iraq's central government fiscal balance has fluctuated significantly in recent years.
- The fiscal balance is influenced by global oil prices and domestic economic conditions.
- Maintaining a sustainable fiscal position is a key challenge for the Iraqi government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between the Iraqi central government's total revenue and total expenditure, indicating whether the government is in a net lending or net borrowing position.
Q: Why is this trend relevant for users or analysts?
A: The central government fiscal balance is a crucial indicator of Iraq's economic and fiscal stability, providing insights into the government's ability to manage its budget and the sustainability of its fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on official government financial statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the sustainability of Iraq's fiscal policies and the government's ability to manage its budget, which is essential for maintaining economic stability and supporting broader economic development.
Q: Are there update delays or limitations?
A: The data is subject to update delays and potential revisions by the IMF, as it relies on official government reporting.
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Citation
U.S. Federal Reserve, Central Government Net Lending/borrowing (Central Govt Fiscal Balance) for Iraq (IRQGCXCNLGDPGDPPT), retrieved from FRED.