According to Mudhar Mohammad Saleh, the Prime Minister’s Financial and Economic Advisor, the new budget law in Iraq is expected to bring about a strong economic recovery. This will signify a considerable move towards growth that is focused on investment and sustainable development. The implementation of this law is currently underway.
In an interview with Shafaq News Agency, he stated that the new law will have an immediate positive impact by kickstarting investment in national projects. This proactive approach is crucial for stabilizing and revitalizing the business and employment markets. It also creates a sense of optimism about the country’s economic prospects, which are aligned with the national development plan through 2025.
Saleh emphasized that the triennial budget focuses on mid-term financial planning, with the aim of boosting the economy of the nation, particularly the investment sector.
By empowering the Iraq Development Fund to operate more efficiently, it can align with the Sustainable Development Goals and foster collaboration with the private sector and job market.
The passing of the budget law is a sign of good things to come for Iraq’s economy in the future.