After the decline in global oil prices, citizens were reassured by Mazhar Muhammad Salih, the Prime Minister’s financial advisor.
According to Saleh, “It is necessary to know the strengths of the Iraqi economy, in spite of the noise surrounding the global energy markets and the conflicting possibilities about their effects on the national economy.” The decrease in Iraq’s outside obligation to its most reduced level over the most recent forty years, not surpassing $10 billion, came from the public authority’s assurance to follow an exact program to settle the outer obligation, which today is under 9% of the nation’s all out unfamiliar trade holds, which are saves that are near $108 billion, the most noteworthy stores in the nation’s money related and monetary history.”
He continued, “In terms of stability and growth in economic activity, the growth indicators in the non-oil GDP have touched 6%, supported by the development of infrastructure, construction, and housing activities, in addition to the development of grain sector production, accompanied by the renaissance of the transportation and communications sector and the growth of the digital economy.”
“While the price growth rate remained very moderate and did not exceed, according to the latest statistics, 3.7% annually, which means that the country is witnessing high price and development stability, it is no secret that establishing a tight food security system was based on the successful integration of agricultural and financial policies,” Saleh continued. “While the price growth rate remained very moderate and did not exceed, according to the latest statistics, 3.7% annually, which means that the country is witnessing high price and development stability,”
He noted, “simultaneously, its an obvious fact that this was joined by government support for the food crate that influences the existences of 40 million Iraqi residents who approach essential food things of proper quality and amount,” highlighting “the pattern towards restoring focal business sectors, which is a sort of cutthroat business speculation.”
That’s what he added “the General Organization for Focal Business sectors, one of the developments of the Service of Trade, declared its new strategy since Walk 2024, that it will keep on alluding its locales and markets for speculation, as per the changed Venture Regulation No. 13 of 2006, to accomplish financial equilibrium and backing the Iraqi customer.”
Saleh made sense of, “It is noticed that the showcasing strategy of the General Organization for Focal Business sectors, through the procedure of organization between the state and the confidential area, has embraced to enact an example of market security designs by giving serious promoting outlets that address the issues of poor people and low-pay classes, through the best customer items as far as quality confirmation and cost steadiness, which is reliable with the significant pretended by the Opposition and Hostile to Syndication Chamber gave under Regulation No. 14 of 2010, which intends to shield buying freedoms from imposing business model and control of the force of the resident.”
He added, “We can’t disregard the job of money related arrangement in fostering the funding of useful exercises in the country through the National Bank drive, which has added to date in giving delicate advances to the confidential area through specific and business banks, the vast majority of which were spent on the lodging area and little and medium endeavors, as the measures of the National Bank drive coordinated to showcase action are assessed at around 10 billion bucks.”
He made sense of that “inside the structure of the state’s direction in the way of thinking of organization with the confidential area overall and the modern area specifically, the state has given a severe framework to conceding sovereign certifications to guarantee that the confidential modern area gets enormous outer credits that are spent on providing creation lines and innovation that give progressed modern items to the advantage of results coordinated towards direct reproduction of the nation’s foundation.”
He added, “As well as supporting the drug and petrochemical businesses in the confidential area and augmenting the production of oil subordinates to abstain from bringing in fuel before very long. The nation has even started to send out certain oils from surplus creation that has as of late been accomplished,” noticing that “the consuming of related gas will be focused inside the following two years, while power plants might twofold their creation generally by supplanting consolidated cycles and profiting from related vaporous fuel.” He closed
his discourse by saying, “The nation is in a significant work renaissance and has high capacities to confront the difficulties that the issues of the worldwide economy force on different nations of the world.”
