Baghdad The economic expert, Hazem Hadi, confirmed that: the increase in expenditures will negatively affect the end of the financial deficit.

He told the National Iraqi News Agency (NINA) that: The increase in resources has a positive effect in getting out of the cycle of deficit, provided that it is not offset by an increase in expenditures.

Hadi added: In any case, the planned deficit resulting from the expansion of investment spending does not constitute a negative return because it will be a pillar of economic growth and an increase in resources.

The country’s revenues witnessed an increase during the last period after the increase in oil prices.

Source: National Iraqi News Agency