We should start hearing news about Bond offerings through the Central Bank of Iraq to support the Monetary System and not for projects. Last year these Bonds were to go on the Bond Market but were cancelled due to postponement of the deletion of the zero project. So it only makes sense that the CBI would offer these as we get closer. This bonds will be offered in Iraq's currency (IQD) and not in the USD. Yesterday we had news that the government may adopt the issuing of Sovereign Bonds. These would be to support housing projects and the private sector that would help out next years budget deficit, since these cost would not come out of the budget itself.
2015 Budget Update:
"The Council of Ministers is determined to finish the preparation of the general budget for 2015 in the coming days and before the end of the financial year in the form that suits the global oil prices."
According to several news sources today the Cabinet of Ministers has received the draft budget from the Five Member Committee and is preparing it to be sent to parliament in the next few days.