Adviser to the Prime Minister: Iraq is living in its best financial conditions
Adviser to the Prime Minister: Iraq is living in its best financial conditions
April 15, 2022 02:11 PM
Mubasher: The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that Iraq is living in its best financial conditions, while ruling out the government’s resort to external borrowing.
Saleh said, in a statement to the Iraqi News Agency (INA): “Iraq today is living in its best financial conditions in its modern history in terms of cash flows.”
He called for “the necessity of utilizing these cash flows in productive investments for the national economy resource, as well as employing national human resources in activities that should be income-generating and wealth-promoting at the same time.”
He added that “investment policies for large resources require operating them with economic joints in order to achieve financial and economic sustainability,” noting that “exceptional circumstances are what impose a borrowing policy, including the deficit of government revenues due to the cycle of declining oil assets.”
He stressed that “the rise in oil prices and the resulting large rentier revenues will obviate the idea of external government borrowing.”
mubasher.info
