Al-Kadhimi’s Advisor: Financial planning will determine the future of the coming months

Sunday 06th December 2020 - 18:33

Al-Kadhimi’s Advisor: Financial planning will determine the future of the coming months

Baghdad -INA

The Prime Minister’s Adviser for Financial Affairs, Mazhar Muhammad Salih, confirmed today, Sunday, that financial planning is what will determine the future of the coming months.

Salih said in a statement to the Iraqi News Agency (INA): "Financial planning is what determines the future of the coming months, starting from the first of January," indicating that "everyone is waiting for financial planning to know how to determine expenditures and revenues and address the deficit, if any."

He added, "Exiting the financial crisis depends on management, compression of expenditures, maximizing resources and setting priorities in the correct manner so that there are things that are subject to pressure and installments."

Regarding the possibility of Iraq borrowing again to fill the deficit, Salih indicated that "borrowing depends on the budget law and is determined by law in the House of Representatives," pointing out that "there are limits to the borrowing process," noting that "the risk lies in relying on one resource, oil, and setting its prices in the outside".