[size=36]Saleh: Iraq's reserves of foreign currency is estimated at 87 billion dollars and virtual deficits[/size]
Economy | 10:47 - 16/09/2019
BAGHDAD - Mawazine News
Adviser to the Prime Minister for Financial Appearance Mohammed Saleh, on Monday, that the reserve at the Central Bank of Iraq and the government is estimated at 87 billion dollars, noting that the deficits that are talked about hypothetical
. The reserve at the Central Bank of Iraq and the government is estimated at $ 87 billion, as well as a surplus between $ 13-12 billion and we are in the fourth quarter of this year, "noting that" the financial situation in Iraq is reassuring and deficits that are talked about hypothetical. "
Saleh added that "the public finances act according to priorities, and that the Ministry of Finance governs control of expenses, and recognizes the important thing to be spent," stressing that in the "2018 budget there was a surplus of 20 trillion dinars, and thus a large opening balance."
He pointed out that "the fiscal deficit, which is being talked about hypothetical and not realistic, as ministries provide many requirements are taking into account the important and required and determines the importance of disbursement according to the financial situation," pointing to the "rationalization of spending and this comes from the imperative need to control liquidity."
The Central Bank of Iraq announced in April 2019 the rise in foreign exchange reserves to $ 62 billion, stressing at the same time its success in controlling the level of inflation.