Earth News / Prime Minister Mazhar Mohammed Saleh’s economic adviser said on Saturday that Iraq is living in a high state of economic stability.
Saleh told Earth News that “the country is living in a high state of economic stability as a result of the adoption of the general budget law and the launch of new projects and works in their various joints, and that the budget law may already touch a positive income in addition to more than one million citizens between new jobs and an expansion in social welfare, with a high determination in maintaining support programs in the scope of fuel, agriculture and food baskets.
Saleh added, “The launch of the spark of service businesses nationwide and has led to the activation of the business sector and the labor market at the same time, especially in the fight against unemployment activities and the continuation of a strong demand policy that helps to sustain the provision of job opportunities.”
Saleh pointed out that “an reconstruction activity in the construction, building and infrastructure sector is in a diligent state and has not stopped, but is on the escalation of progress, noting that the construction sector is one of the vital sectors responsible for the employment of about 20% of the national labor force in various business and human skills.”
Saleh pointed out that “Iraq currently enjoys a surplus in the current account of the balance of payments relative to GDP – close in my personal estimate – 10% – a positive – which is a high indicator that helped strengthen Iraq’s stock of foreign currency reserves supporting stability.”
Saleh continues, “There are great hopes waiting for the launch of both the Iraq Development Fund and the Investment Development Road project. Thus, the meeting of positive factors in the course of economic life is now surpassing many of the inherited negatives after the vision and the right path of development became clear, which truly expresses an effective partnership between the state and the market or the private sector without neglecting the social goals in maximizing human happiness and well-being and providing life guarantees, which is the ideal goal that the state is seeking now and in the future.”
