Al-Bayati: We are waiting for a roadmap from the Ministry of Finance to address the economic challenges.
MP Mohammed al-Bayati confirmed on Wednesday that he is awaiting a roadmap from the Ministry of Finance for managing the financial situation in the coming period, given the challenges facing the Iraqi economy.
Al-Bayati told Al-Maalouma that “Iraq is going through a difficult financial phase due to its declining ability to export oil at high levels,” noting that “the Ministry of Finance faces significant challenges, and we are waiting for a roadmap that clarifies the features of the next phase, the proposed solutions, and the mechanisms for correcting the financial course.”
He added that “the Ministry of Finance faces complex challenges, and this is undeniable,” explaining that “the next phase will be one of searching for exceptional solutions to address the significant decrease in budget revenues.”
He pointed to “the importance of developing realistic and objective solutions that contribute to achieving financial stability and ensuring the state’s ability to face the upcoming economic challenges.”
Almaalomah.me