The Central Bank of Iraq’s Board of Directors approved the Bank’s 2026 budget under a program and performance budgeting methodology, shifting away from traditional line-item budgeting toward a structure focused on programs, results and performance indicators. The budget is organised across strategic programs, institutional development programs, operational programs, and supervisory and regulatory programs, each set out with defined activities and measurable indicators intended for periodic evaluation. The central bank framed the change, adopted under the Central Bank of Iraq Law No. 56 of 2004, as the first implementation of program and performance budgeting among Iraqi state institutions. The central bank also indicated it is ready to provide technical support and training to other Iraqi state institutions to help them transition from traditional budgeting to modern approaches used internationally.
Central Bank of Iraq 2026-01-07
Central Bank of Iraq approves 2026 budget using program and performance budgeting
The Central Bank of Iraq's Board of Directors approved the 2026 budget using a program and performance budgeting methodology, marking a shift from traditional line-item budgeting. This change, under the Central Bank of Iraq Law No. 56 of 2004, is the first of its kind among Iraqi state institutions, with the bank offering technical support and training for similar transitions.