Mawazine News – Baghdad
The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Saleh, confirmed on Saturday that the good performance of the fiscal space is a sign of the government’s ability to increase spending without facing financial problems, pointing out that the temporary shortage in the flow of public revenues in some months did not disrupt the government’s work.
Saleh said that “the government’s fiscal policy worked towards the principle of fiscal space in the economy, which means that the pace of public spending, especially on investment projects, was not significantly affected by the temporary shortage in the flow of public revenues in some months.”
Saleh added: “The good performance of the fiscal space indicates the government’s ability to increase spending or provide social support in a way that contributes to supporting the economy without causing serious financial problems such as inflation or large deficits.”
He continued: “This fiscal space is still available when the country’s financial conditions are good, allowing the government to adopt fiscal policies that stimulate economic growth, such as increasing spending on infrastructure or improving social services.”
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