Iraq: The Prime Minister stresses the importance of rationalizing the investment of financial resources obtained from the oil prices increase

Prime Minister Mustafa Al-Kazemi held a meeting with the Finance Committee to discuss the financial budget in light of recent price developments in the global market.

At the meeting, Al-Kazemi discussed the continuation of joint cooperation between the executive and legislative branches in order to accelerate the approval of the budget.

He stressed that the budget that the government sent its draft earlier was aimed at financial and economic reform and supporting vital sectors that would address the problems of the Iraqi economy.

Al-Kazemi pointed to the importance of investing in the recent increase in oil prices in a way that contributes to reducing the burden on the citizen in the budget that is submitted to the vote in Parliament, stressing the need to activate the mechanisms of automation and digital dealings, and also activate the role of the Federal Service Council, in the path of economic reform.

He noted the need to adopt the principle of justice in distributing wealth among all regions of Iraq, in accordance with the principles of the constitution, and not to include political conflicts in the file of the basic requirements of the citizen and the level of services provided to him.

He said that Iraq is currently facing many challenges, and that his ministry is striving to reform the current situation and put the Iraqi economy on the right track, in implementation of the government program voted by the Parliament and also included in the government’s White Paper.