Saleh ends the controversy: The 2025 budget will remain close to 156 trillion dinars, with domestic borrowing.
Saleh ends the controversy: The 2025 budget will remain close to 156 trillion dinars, with domestic borrowing.
2025/05/06
The Prime Minister’s economic advisor, Mazhar Mohammed Salih, announced that Iraq’s 2025 budget will remain close to 156 trillion dinars or less, with domestic borrowing continuing at the same level as in 2024.
Saleh explained, in a statement to {Euphrates News}, that: “The average oil price in the first quarter of 2025 reached about $75 per barrel before the impact of the oil asset cycle began to drop prices to $63. This decline in prices coincided with the cancellation of OPEC+ quotas, in addition to the impact of the US trade war and a temporary contraction in the global economy.”
With the decline in oil prices, Saleh expected that “the relative increase in exported oil quantities will compensate for this decline,” stressing that “operating expenses will be subject to greater control within a flexible financial space, which will provide greater opportunities to manage financial resources prepared for spending.”
Saleh praised “the accelerating success in the field of fiscal and monetary policy,” explaining that “the government seeks to achieve economic stability in both its financial and monetary aspects.”
The advisor concluded by saying that “with this coordination, high guarantees are provided to achieve sustainable economic development, as the world is witnessing rapid progress in Iraq’s economic stability.”
alforatnews.iq
