Al-Kazemi’s advisor: The situation in Iraq will not affect the economy

Al-Kazemi's advisor: The situation in Iraq will not affect the economy

Baghdad / Obelisk: The financial advisor to the Prime Minister, Mazhar Muhammad Salih, affirmed, 07/08/2022, that the general conditions in the country will not affect the economy, pointing out that the high-return oil industry is the main player in holding the limits set for living life in Iraq. And reassure her different concerns.

Saleh told Al-Masala that despite the presence of two influential restrictions: the absence of the country’s general budget law for the year 2022 and the other, it is under widespread immersion in the current political and parliamentary crisis and its negative repercussions on decision-makers, especially the private sector, but the economic conditions, market decision-making and general investors are before them A stable degree of certainty, even at a minimum level, which is the result of the promising macroeconomic situation and its great potential and high financial surpluses prepared for future development.

He added that this matter helps in narrowing the cases of uncertainty and reducing the risks facing the current investment initiatives and the general economic decisions constantly, especially those decisions that extend their promising effects into the future.

And he indicated that the economic policy must move government investments with the speed and efficiency required by the law on financial management for ongoing investment projects, as well as the emergency law for food security and development with regard to moving the stalled projects, which will be addressed by the new law.

He pointed out that the two financial laws undoubtedly constitute a safety valve in revitalizing the economic cycle and at the same time give market forces (being the main partner in development) an important interactive framework that is more realistic in drawing stable expectations and ensuring the success of investments and future employment opportunities.

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