Ministry of Finance (Iraq)

The Ministry of Finance (Arabic: وزارة المالية) is the cabinet-level ministry responsible for managing the financial affairs of the Government of Iraq. It formulates monetary and fiscal policies, receives and manages all revenues of the state, takes part in drafting the general budget bill, oversees government expenditure, and operates a number of agencies. The two largest banks in Iraq, namely Rafidain and Rasheed, as well several other enterprises, are operated by the Ministry of Finance. It publishes a monthly report called the Open Budget Survey.^[1] The headquarters is located in Bab Al-Moatham, east of the river Tigris, Baghdad.