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[size=36]Financial Advisor: Good performance of fiscal space reflects government’s ability to increase spending without problems[/size]
Politics | 04:14 - 11/16/2024
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Mawazine News - Baghdad
The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Saleh, confirmed today, Saturday, that the good performance of the fiscal space is an indication of the government's ability to increase spending without facing financial problems, noting that the temporary shortage in the flow of public revenues in some months did not disrupt the government's work.
Saleh said that "the government's financial policy worked towards the principle of fiscal space in the economy, which means that the pace of public spending, especially on investment projects, was not significantly affected by the temporary shortage in the flow of public revenues in some months."
Saleh added: "The good performance of the fiscal space indicates the government's ability to increase spending or provide social support that contributes to supporting the economy without causing serious financial problems such as inflation or a large deficit."
He continued: "This fiscal space is still available when the state's financial conditions are good, which allows the government to take fiscal policies that stimulate economic growth, such as increasing spending on infrastructure or improving social services."
Saleh said that "the government's financial policy worked towards the principle of fiscal space in the economy, which means that the pace of public spending, especially on investment projects, was not significantly affected by the temporary shortage in the flow of public revenues in some months."
Saleh added: "The good performance of the fiscal space indicates the government's ability to increase spending or provide social support that contributes to supporting the economy without causing serious financial problems such as inflation or a large deficit."
He continued: "This fiscal space is still available when the state's financial conditions are good, which allows the government to take fiscal policies that stimulate economic growth, such as increasing spending on infrastructure or improving social services."
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