Financial Advisor to the Prime Minister reveals the contents of the budget of 2018
Financial Advisor to the Prime Minister reveals the contents of the budget of 2018
9-9-2017
Baghdad / Sky Press
The financial adviser to the Prime Minister, “appearance of Mohammed Saleh,” on Saturday, that the budget in 2018 is in the semi-final preparation, and will be presented to the Council of Ministers next month, according to constitutional times.
Saleh said in a press statement that “the content of the budget of 2018 is aimed at maximizing non-oil resources whenever possible, and the state’s tendency is to encourage employment through the private sector and to develop programs to lend young people soft loans to enable them to To engage in the labor market, “noting that the budget is in the semi-final preparation, and will be presented to the Council of Ministers next month according to constitutional times.
Saleh added that “the problem of deficit must be addressed in order to ensure the continuation of economic activity and reallocation of resources in the budget, and this is what we are working for.”
“We are consulting with the International Monetary Fund (IMF) on a subject called financial consolidation, which is to reduce spending, maximize resources, sustain debt sustainability within economic limits and maximize revenue,” he said.
Iraq has been suffering from a financial crisis since 2014, as a result of the fall in oil prices by more than 50% and the increase in the expenses of war urging, forcing Baghdad to borrow from international financial institutions such as the IMF and the World Bank and withdraw from the financial reserves of the Central Bank of Iraq.
skypressiq.net
