PM’s advisor: A package of income-generating technology projects awaits 2022 budget

Baghdad - INA 

The financial advisor to the Prime Minister, Mudhar Muhammad Salih, revealed today, Friday, that there is a wide range of income-generating technology projects that will be launched if financial savings are achieved at the end of the current fiscal year 2022, and while he stressed that they will help diversify Iraq’s financial revenues, he put forward his expectations regarding investment spending in 2023 budget.

Salih told the Iraqi News Agency (INA), that "if the financial savings are achieved at the end of the 2022 fiscal year, which after approving the expenditures of the Emergency Support Law for Food Security and Development, it is expected to be with a balance of perhaps no less than 15 billion dollars, the state's economic policy is moving towards employing it." An investment in a wide range of technology projects that generate income and operate technical work.

He added, "This new package comes within the previous preparation to identify a package of major industries with a strategic character and export tendencies for the product that will depend on national inputs."

He pointed out that "the strong technology package policy will help diversify Iraq's financial revenues from outside the oil wealth sector and ensure a growth rate in the gross domestic product, at least twice the population growth rate."

He pointed out that "the exceptionally high financial accumulations will undoubtedly be matched by a policy of developing high-tech, efficient, profitable production projects and a high export power, and this is expected to be drawn when preparing investment spending estimates in the 2023 budget."