Iraq is debating a draft federal budget for 2027 that would be the biggest in its history, but the plan is also the most detached from the country's financial reality. The bill, a copy of which was seen by The National, looks like a welfare-state budget drafted for a stable time, not an austerity plan for a government in the middle of its worst financial crisis in years. The total public expenditure is projected at about 217.2 trillion dinars ($143.6 billion).