Sudanese advisor: Financial deficit is temporary and will not affect the development path
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the financial deficit in Iraq is short-term.
It does not pose an obstacle to the country's economic development path.
Saleh explained that the deficit is mostly linked to fluctuations in oil prices in global markets.
He pointed out that investors realize that these fluctuations do not reflect institutional weakness as much as they reflect market factors beyond national control.
He added that investor confidence is strengthened when deficits are accompanied by disciplined financing tools, such as issuing domestic bonds and prudent management of public spending.
He stressed that this sends a clear message about the government's ability to control the flow of public funds and avoid long-term imbalances. link
