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Government advisor: The growth rate of non-oil GDP during 2024 is unprecedented
economy 4-01-2025, 13:33
Baghdad - IA - Nassar Al-Hajj
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Saturday, the
unprecedented high growth rates in non-oil gross domestic product during the year 2024, while indicating that the
government program succeeded in controlling financial diversity in the general budget and the entire national economy, and indicated that the methodology The
calm fiscal policy contributed to regulating the liquidity of the general budget and stabilizing the economy. Saleh told the Iraqi News Agency (INA),
“The high rates of non-oil GDP growth were accompanied by an important role for monetary policy and its role in regulating the monetary sector in accordance with Central Bank Law No. 56 of 2004,” adding that
“that monetary policy enjoys sobriety, and has not strayed far from About the department of consultation and cooperation with the government’s financial policy and economy, which still dominates 65% of the gross domestic product and 98% of the external flows of foreign exchange.” He pointed out that
"the financial sector contributed, due to the
spread of some development government borrowing tools, and the
sources of formation of those foreign reserves from oil revenues, to
building the monetary basis, and then
building the money supply in the country."
The Prime Minister’s financial advisor expected “the
continuation of the calm approach to financial policy during the year 2025, which contributed to
deepening the circle of consultation and
close cooperation with the Central Bank and its monetary policy in regulating the
liquidity of the general budget and stabilizing the macroeconomic without interrupting or isolating it,” pointing out that
“this matter enhanced the success of the financial policy.”
The country’s economic policy during the year 2024 in international and regional circumstances that were extremely complex.” Mazhar concluded by saying,
“The Central Bank
represents the government’s financial agent, and
is responsible for managing the central accounts for external and internal public finances, in addition to
cooperating in regulating government payments and
managing public liquidity in accordance with highly precise accounting and technical procedures and
with a methodology that central banks around the world are keen to achieve.” Higher goals in the national economy.”
https://www.ina.iq/225047--2024-.html
