The Sudanese financial advisor determines the basic exchange constants in the budget of 2024
The financial adviser to the Prime Minister, Mazhar Mohammed Saleh, on Monday, identified the basic exchange constants in the 2024 budget, stressing that the private sector’s financial savings will contribute to supporting labor-proving and income-generating development projects.
Saleh told the official agency that “the federal budget, which was legislated under Law No. 13 of 2023 for three years, will maintain its approved constants while monitoring the developments in the oil asset cycle in the world and its effects on budget resources and in two directions.”
He continued, “The first trend is continuous financial reinforcement or discipline, accompanied by maximization in non-oil resources, and the second trend is legal flexibility in the timing and priorities of public spending.”
Saleh added, “The budget will keep the basic exchange constants advanced by salaries, wages, pensions, social welfare and service development projects in the forefront, as well as projects to support the private sector, the labor market and employment through the Iraq Fund for Development, in addition to managing the largest Iraq development project (the development road) and in strategic partnership with the private sector and regional development funds stakeholders in the project.”
He stressed, “The private sector’s financial savings will contribute to supporting labor-saving and income-generating development projects, in accordance with a strategic vision of partnership between the state and the private sector, led by the Private Sector Council, which will take its role in managing and financing development and economic progress, which is chaired by Prime Minister Mohammed Shia’a Al-Sudani.”
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