[size=36]Finance Minister: We are moving towards a policy of maximizing non-oil revenues to support budgets[/size]
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, Minister of Finance Ali Allawi confirmed, on Sunday, the continuation of efforts and work towards maximizing non-oil revenues and moving towards reducing financial expenditures in budgets.
And the Ministry of Finance stated in a statement that Mawazine News received a copy of it, that “Allawi chaired a follow-up session on the implementation of the projects of the white paper, in the presence of the Prime Minister’s advisor and the Executive Director of the Economic Reform Committee Alaa Al-Saadi, the Undersecretary, the advisers to the Minister of Finance and a number of general managers, during which the implementation of the projects approved by them was followed up. The financial and economic reform plan, related to the axis of government expenditures, which includes the project to reduce the gap in the public budget deficit at safe levels.
She added, "The public spending project was also discussed and working towards directing it to enhance the investment aspect with positive returns for the benefit of the overall national economy, studying government support for public companies and focusing support towards productive sectors and companies contributing to the gross domestic product."
During the session, Allawi stressed the continuation of efforts and work towards maximizing non-oil revenues and moving towards reducing the financial expenditures borne by the state budget as a result of the burdens of financial support for public companies with high rates, which cast a shadow of negative effects on the development and development of the rest of the productive sectors.