A Government Advisor Warns Of The Effects Of The "Commercial Trumpism" Wave... And This Is The Fate Of The Budget Schedules, 6 APRIL

 A Government Advisor Warns Of The Effects Of The "Commercial Trumpism" Wave... And This Is The Fate Of The Budget Schedules

Time: 2025/04/04 17:05:53 Read: 1,995 times  {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed that the country's macroeconomic conditions are significantly affected by external shocks, particularly in Iraq's balance of payments.

Saleh pointed out to Al Furat News Agency the "need to intensify direct and continuous oversight and follow-up in two main directions."

He explained that "the first direction is to monitor the cycle of oil assets and re-evaluate them through cooperation with OPEC regarding prices and production quantities, while the other direction is related to maintaining the flow of foreign currency and protecting the country's reserves."

Saleh explained that "focusing on external balances in the economy must be accompanied by more discipline in internal financial and monetary adjustments, especially with regard to public spending. 

He pointed out that this step has become more urgent to confront the repercussions of what he called "trade Trumpism," which has caused disruptions in energy markets, traded commodities, and global supply chains, so that the global economy will stabilize in the future on more stable foundations."

He stressed that "the budget schedules will remain committed to their basic constants, while taking into account the fluctuations in global oil markets with extreme caution.  LINK