The parliamentary finance committee described the 2017 fiscal situation as relatively good so far, while the economic adviser to the Iraqi prime minister that “optimism is still cautious” of them.
A member of the Finance Committee MP Masoud Haider, told the newspaper “morning”: “The state spends on the basis of actual revenues that enter the Treasury,” noting that “the financial situation of the country is relatively good so far.”
For his part, the appearance of Mohammed Saleh, economic adviser to the Prime Minister, expressed optimism about the caution of the financial situation of the budget this year. Saleh explained in an interview with Al-Sabah that “our optimism about the budget should be accompanied by caution, pointing to the reason that” the budget depends on 93 percent of its imports on oil revenues, and the markets for oil are not guaranteed. “
Saleh added that “the price of selling barrels of oil was set in the budget of $ 42, and rose in global markets after a period of up to $ 47, and now we see a decline in prices, and do not know how the price will be in the coming months.”
“The priority in all budgets is to ensure the salaries of employees, retirees and social protection by 100 percent, in addition to sustaining the requirements of the war against terrorism,” he said, adding that “after Other necessities include water and sewage projects, infrastructure and basic energy for citizens. “
“Part of the success achieved by the government of Prime Minister Haider al-Abadi is the financial success through crossing the Iraqi wheel for the past and present years, without any disruption in salaries or basic expenses and financing the war,” the economic adviser said.
Saleh stressed that “the economic situation in Iraq came out of the bottleneck” completely, adding that “optimism should not cause us inaction, but always be wary of two external variables, terrorism and oil prices.”