Republic of Iraq: Technical Assistance Report on Government Finance Statistics (December 5-19, 2021)

IMF Staff Country Reports, February 3, 2023

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Republic of Iraq: Technical Assistance Report on Government Finance Statistics (December 5-19, 2021)

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Bibliographic details

• Published: February 3, 2023
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798400232763.002

Summary and mission context

• This paper presents the Republic of Iraq’s Technical Assistance report on Government Finance Statistics (GFS) mission.
• The Ministry of Finance (MOF) has started the implementation of the national budget reform project, one of several reform projects prepared in the context of the broader economic reform strategy “the white paper” launched in October 2020.
• The mission’s objectives:
  • Support the Budget, Public Accounting and Debt Departments in implementing tasks related to the strategic target on enhancing budget preparation and reporting in line with the Government Finance Statistics Manual 2014 framework.
  • Support integration of GFS reporting in the Integrated Financial Management Information System.

Key technical work and findings

• As a critical step to improve the budget classification, the mission supported the MoF in developing a first comprehensive mapping of outlays to Classification of the Functions of Government.
• Institutional and compilation needs identified:
  • The MoF needs to establish an inter-departmental taskforce in charge of GFS compilation.
  • The MoF should initiate a phased approach for expanding institutional coverage of GFS beyond Budgetary Central Government.

Subject coverage and keywords

• Subject:
  • Budget execution and treasury management
  • Budget planning and preparation
  • Chart of accounts
  • Economic and financial statistics
  • Government finance statistics
  • International organization
  • Monetary policy
  • Public debt
  • Public financial management (PFM)
• Keywords:
  • Budget execution and treasury management
  • Budget planning and preparation
  • Chart of accounts
  • debt department
  • Government finance statistics
  • Government Finance Statistics Public sector debt statistics Expenditure Public Sector
  • government finance statistics yearbook
  • IMF's Statistics Department
  • Middle East
  • staff team of the International Monetary Fund
  • Statistics Department of the IMF

Content in this bundle

• 1. Priority Recommendations
  • 1. Priority Recommendations (Markdown version)
  • 1. Priority Recommendations (PDF)