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Al-Kazemi's advisor: Large financial flows to Iraq, and huge funds must be invested with productive investments
Economie- 04-15-2022 06:23 PM - Number of readings: 3107
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that the financial flows to Iraq have become large, stressing the need to employ these huge funds with productive investments.
Saleh said in a statement that "Iraq today is living in its best financial conditions in its modern history in terms of cash flows."
He called for "the necessity of employing these cash flows in productive investments for the resource of the national economy, as well as operating the national human resources in activities that should be income-generating and wealth-promoting at the same time."
He added that "investment policies for large resources require operating them with economic joints in order to achieve financial and economic sustainability," noting that
"exceptional circumstances are what impose a borrowing policy, including the deficit of government revenues due to the cycle of declining oil assets."
He stressed that "the rise in oil prices and the resulting large rentier revenues will obviate the idea of external government borrowing."
Al-Kazemi's advisor: Large financial flows to Iraq, and huge funds must be invested with productive investments
Economie- 04-15-2022 06:23 PM - Number of readings: 3107
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that the financial flows to Iraq have become large, stressing the need to employ these huge funds with productive investments.
Saleh said in a statement that "Iraq today is living in its best financial conditions in its modern history in terms of cash flows."
He called for "the necessity of employing these cash flows in productive investments for the resource of the national economy, as well as operating the national human resources in activities that should be income-generating and wealth-promoting at the same time."
He added that "investment policies for large resources require operating them with economic joints in order to achieve financial and economic sustainability," noting that
"exceptional circumstances are what impose a borrowing policy, including the deficit of government revenues due to the cycle of declining oil assets."
He stressed that "the rise in oil prices and the resulting large rentier revenues will obviate the idea of external government borrowing."
