Adviser to the Prime Minister: Iraq will witness financial discipline in the next budget
Adviser to the Prime Minister: Iraq will witness financial discipline in the next budget
02-26-2022 12:51 PM
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed on Saturday, February 26, 2022, that Iraq will witness another type of financial discipline in expenditures in order to achieve development.
Saleh said, in a press statement, that “the general budget is not austere in its investment aspect related to accelerating growth and economic prosperity and reducing unemployment,” noting that “the funding will be ideally directed towards this aspect, as well as financing the productive private sector and moving the market economy into operational investment directions. work and maximize the added value in the national economy. He explained that ”
And he added, “Iraq will witness another type of financial discipline in expenditures in order to achieve maximizing employment and development.”
The financial advisor stressed, “It is preferable that the general budget be approved, at least in such circumstances, before the first half of the year, in order to achieve the ideal time range for the exhaustion of the planned programs and projects during the fiscal year.”
He added that “time is subject to investment, and wasting it represents a waste of life and progress opportunities, accompanied by the payment of humanitarian and strategic costs that are difficult to recover.”
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