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[size=36]Saleh: Iraq is in its best economic conditions, and there is no need after today to borrow[/size]
Economie| 01:43 - 15/04/2022
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Baghdad - Mawazine News
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that Iraq is living in its best financial conditions, while ruling out the government's resort to external borrowing.
Saleh said, in a statement to the official agency and reviewed by "Mawazine News", that "Iraq is living today in its best financial conditions with 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 the operation of 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." Ended 29 / 92
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