The Financial Advisor to Prime Minister Mazhar Mohammed Saleh stressed that the hypothesis of a partial deficit in the annual budget will depend on the efficiency of the implementation of operational and investment expenses.
Saleh pointed out to {Euphrates News} that “historical data show that the efficiency of the exchange did not exceed 83% of the total annual spending ceiling of about 200 trillion dinars.”
He pointed out that “the final picture of spending will be clear through the budget tables, which will soon be submitted to the House of Representatives for approval, based on the provisions of Article 77/II of Law No. 13.”
He stressed that “the government executive apparatus applies the highest degrees of control in exchange and internal control over expenses, as well as efforts to enhance non-oil revenues with accuracy and high governance, to support cash flows and ensure financial stability.”
Ragheed