Today, Monday, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, set the basic exchange constants in the 2024 budget, stressing that the private sector’s financial savings will contribute to supporting development projects that create employment and generate income.
Saleh told the official agency, “The federal general budget, which was legislated under Law No. 13 of 2023 for three years, will maintain its approved constants while monitoring developments in the cycle of oil assets in the world and its effects on budget resources in two directions.”
He continued, “The first trend is continuous financial consolidation or discipline, accompanied by maximizing non-oil resources. The second trend is legal flexibility in the timing and priorities of public spending.”
Saleh added, “The budget will keep the basic exchange constants, led by salaries, wages, pensions, social care, and service development projects at the forefront, as well as projects to support the private sector, the labor market, and employment through the Iraq Fund for Development, in addition to managing Iraq’s largest development project (the road to development) and in strategic partnership.” With the private sector and regional development funds that are stakeholders in the project.”
He stressed that “the private sector’s financial savings will contribute to supporting development projects that create employment and generate income, in accordance with a strategic vision based on the partnership between the state and the private sector, led by the Private Sector Council, which will take its role in managing and financing development and economic progress, which is headed by the Chairman of the Council.” Minister Muhammad Shiaa Al-Sudani.
nrttv.com
