Baghdad Adviser to the Prime Minister for Financial Affairs, Modher Muhammad Salih, confirmed that the improvement in revenues will strengthen the local currency and bring about structural changes in the growth of the national economy.

He told the National Iraqi News Agency (NINA) that the continuous improvement in the revenues of the federal general budget will, at the same time, provide sustainability for the data of that budget, leading to structural changes in the growth of the national economy.

Saleh added that this improvement will be a continuous and positive thing in the non-oil GDP and achieve a higher level of economic stability in general.

It is noteworthy that international oil prices, especially the price of Basra oil, witnessed a remarkable improvement during the last period, exceeding 70 dollars, which will lead to closing the budget deficit and raising the level of the economic and financial sector in the country.

Source: National Iraqi News Agency