The government confirms the control of food prices locally and the increase in the financial balance
Economie Today, 16:48
The government confirmed, on Monday, the control of food prices locally and the rise in the financial balance.
And the media office of the Prime Minister, Mustafa Al-Kazemi, stated, in a statement received by the Iraqi News Agency (INA), that "the Prime Minister chaired today, Monday, an economic meeting devoted to discussing the current financial and economic conditions in light of reports and positive indicators developed by the International Monetary Fund and the World Bank." Pointing out that
"the meeting was attended by the Minister of Finance and advisors specialized in financial and economic aspects."
Al-Kazemi said, at the beginning of the meeting, that "the strategy that was developed to address the financial and economic conditions has succeeded in overcoming the challenges that the government received at the beginning of its formation, and that the growth of indicators mentioned by international reports is a reflection of this strategy," stressing that
"the momentum that succeeded must be continued." To improve the country’s economic status, and to continue to strive to achieve more.”
The statement continued, "Al-Kazemi listened to a detailed presentation by the Minister of Finance on the Iraqi economic reality, and
good international indicators in light of the escalating growth of the Iraqi economy despite the great challenges it faces, as
international reports indicated that the total foreign currency reserves increased significantly, as well as achieving Good revenue."
He continued, "During the meeting, it was pointed out that Iraq controlled food prices locally, despite the double rise in their prices globally, as well as indicating that a growth in GDP exceeded what was achieved in the countries of the Middle East and North Africa."
The report indicated, according to the statement, that "controlling inflation rates in the internal economy has been achieved, and the current account balance has risen, as well as a significant increase in the overall financial balance."