Iraq will experience a new pattern of expenditures fiscal discipline, Al-Kadhimi's advisor

 
Baghdad-INA
 
The financial advisor to the Prime Minister, Madher Mohammad Salih, confirmed that Iraq will witness another type of financial discipline in expenditures in order to achieve development.
 
Salih said, in a statement to the Iraqi News Agency (INA), that "The general budget is not austere in its investment aspect related to accelerating growth and economic prosperity and reducing unemployment," noting that "the funding will be ideally focused on this aspect, as well as financing the productive private sector and motivating a market economy with investment trends that engage the work and maximize the added value in the national economy”.
"The budget will remain more disciplined in operational spending, and the principles of the Financial Management Act will be pursued in the Sovereign Fund, which will generate supportive national savings for future budget and national income, including surpluses that outweigh the sustainability of current operational expenditures, rather than expanding them and squandering resources in consumer trends that will waste the country's national wealth", Salih elaborated.
 
The financial advisor stressed, "It is preferable that the general budget be approved, at least in such circumstances, before the first half of the year, in order to achieve the ideal time range to achieve the planned programs and projects during the fiscal year."
"Time is subject to investment and waste it represents a waste of life and progress, accompanied by the payment of difficult-to-recover humanitarian and strategic costs."