Government advisor: “Marginal spending” protects Iraq from global economic shocks
Government advisor: “Marginal spending” protects Iraq from global economic shocks
2025/04/28
The Prime Minister’s financial advisor, Mazhar Mohammed Saleh, emphasized that the “marginal spending” policy, along with the preparation of the domestic money market for bridge loans when needed, represents a significant support for government spending and is one of the most important features of a flexible, independent, and effective fiscal space in managing the country’s financial life.
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Saleh explained to Al Furat News Agency that this policy represented a “firewall” in the face of external shocks resulting from the current trade war, the conditions of energy markets, and shifts in global political and economic geography.
He pointed out that the state’s general economic policy, both fiscal and monetary, offers significant opportunities for consultation, coordination, and implementation in protecting the national economy, managing its sustainability at the financial and developmental levels, and protecting stability.
The financial advisor explained that the country has now entered the second quarter of 2025, managing the economic process “with high professionalism” without compromising the government program, pointing to the high stability in the implementation of infrastructure, services, and construction projects, in addition to the stability of payments related to salaries, wages, pensions, and social care, which he described as “an important figure in annual spending when implementing a financial spending scenario at the minimum efficient level.”
alforatnews.iq
