GOVERNMENT ADVISOR: IRAQ IS IN A PROSPEROUS AND PROSPEROUS ERA DESPITE THE DIFFICULTIES OF THE INTERNATIONAL ECONOMY.
The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed that operating expenses, which include salaries and other expenses, constitute approximately 57% of total annual spending in Iraq, and are fully covered as construction projects proceed at an accelerated pace.
Saleh explained in a statement to Al Furat News Agency, “This confirms the success of fiscal space management in supporting the country’s financial, economic, and developmental sustainability, even in light of the relative decline in the oil asset cycle.”
He pointed out that this has had a positive impact on citizens’ living conditions, as annual growth in the general price level, or the inflation index, has remained below 4% per year, a key indicator in the country’s stability roadmap and maintaining its standard of living.
Saleh described the current situation as a “prosperous and prosperous era” despite the difficulties facing the regional and global economies.
He noted that Iraq ranks third in the West Asia region in terms of GDP composition, after Saudi Arabia and the United Arab Emirates, among the group of Arab countries with high annual national incomes, according to the latest international indicators and estimates.
(Then were is the true nominal rate of the dinar if this is true? Just another indication it is being artificially suppressed.)
