Prime Minister’s Advisor: The government can increase spending without risking inflation or deficits

Economy

16-11-2024, 12:16

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Baghdad - INA

Prime Minister’s Advisor for Financial Affairs stated on Saturday that the government’s fiscal policies allow for increased spending without triggering inflation or fiscal deficits.

Saleh emphasized that the government’s effective management of fiscal space means that investment spending on projects has not been disrupted, even during months with irregular public revenue.

He added, “The good performance of fiscal space reflects the government’s ability to boost spending or enhance social support without facing significant fiscal challenges such as inflation or large deficits.”

Saleh also noted that this fiscal flexibility remains available as Iraq’s economic conditions improve, enabling the government to implement policies that stimulate growth, such as increasing infrastructure investment or enhancing social services.