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Shafaq News/ The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed today, Wednesday, the government's "relative" control over the prices of fuels and foodstuffs in the country, and while he indicated that the Food Security Law will support this, he stressed that monetary policy is able to curb inflation.
Saleh said in an interview with Shafaq News Agency, "The cash flows in foreign currency to Iraq are high and it is in the hands of the government and is considered one of the important things to support prices," noting that "the emergency law's function is to support prices, reduce and confront inflation and maintain the standard of living and cash income from rising prices of foodstuffs and fuels." ".
Salih added that "fuels in Iraq, some of them are imported, and their prices are fixed as a result of the support, although the prices of gasoline in the world are doubling, but there is support for these prices, as is the case with the ration card."
The government’s financial advisor indicated that “there is relative control over prices, and the emergency law will support this control over prices, and there is control over inflation that is based on financial policy tools,” adding that “in the event that prices develop, the reserves of high hard currency and monetary policy will interfere with its tools in a way It is more effective to stop or limit any price hike.”
Saleh pointed out that "prices are still controlled by government support such as fuel and foodstuffs, and all government services have fixed prices, and customs are zeroed, and taxes have been greatly reduced."
For his part, the Minister of Finance said in a statement received by Shafaq News Agency that "the emergency support law for food security and development came to reduce poverty and achieve financial stability," noting that "the ministry is keen to implement the paragraphs of the emergency support law for food security and development, which the House of Representatives voted on recently." .
Allawi explained that "the ministry is committed to financing all the allocations listed in Table (A) of the law to secure the food and electricity sectors, lecturers, administrators, contracts, procedures, graduate degree holders and graduates from among the first whose contracts have been terminated by the security and military services."
The minister added that "the aim of presenting this law is to cover the actual financial needs that contribute to alleviating unemployment, reducing poverty, achieving financial stability in light of urgent global developments, and continuing to provide the best services to citizens and raising the standard of living for them."
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Most notably, fuel and food.. Al-Kazemi’s advisor: “relative” control over prices and food security will support us
Shafaq News/ The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed today, Wednesday, the government's "relative" control over the prices of fuels and foodstuffs in the country, and while he indicated that the Food Security Law will support this, he stressed that monetary policy is able to curb inflation.
Saleh said in an interview with Shafaq News Agency, "The cash flows in foreign currency to Iraq are high and it is in the hands of the government and is considered one of the important things to support prices," noting that "the emergency law's function is to support prices, reduce and confront inflation and maintain the standard of living and cash income from rising prices of foodstuffs and fuels." ".
Salih added that "fuels in Iraq, some of them are imported, and their prices are fixed as a result of the support, although the prices of gasoline in the world are doubling, but there is support for these prices, as is the case with the ration card."
The government’s financial advisor indicated that “there is relative control over prices, and the emergency law will support this control over prices, and there is control over inflation that is based on financial policy tools,” adding that “in the event that prices develop, the reserves of high hard currency and monetary policy will interfere with its tools in a way It is more effective to stop or limit any price hike.”
Saleh pointed out that "prices are still controlled by government support such as fuel and foodstuffs, and all government services have fixed prices, and customs are zeroed, and taxes have been greatly reduced."
For his part, the Minister of Finance said in a statement received by Shafaq News Agency that "the emergency support law for food security and development came to reduce poverty and achieve financial stability," noting that "the ministry is keen to implement the paragraphs of the emergency support law for food security and development, which the House of Representatives voted on recently." .
Allawi explained that "the ministry is committed to financing all the allocations listed in Table (A) of the law to secure the food and electricity sectors, lecturers, administrators, contracts, procedures, graduate degree holders and graduates from among the first whose contracts have been terminated by the security and military services."
The minister added that "the aim of presenting this law is to cover the actual financial needs that contribute to alleviating unemployment, reducing poverty, achieving financial stability in light of urgent global developments, and continuing to provide the best services to citizens and raising the standard of living for them."
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