Finance Minister: Strait Closure Affected Iraq

Finance Minister Faleh Sari confirmed that the closure of the Strait of Hormuz directly impacted the Iraqi economy, given the connection between trade movements and oil flows with regional developments. He pointed out that Iraq is moving toward approving its first budget based on programs and performance in its history, with the aim of enhancing administrative efficiency and state resources. Sari also emphasized that the ministry continues its efforts to overcome current challenges by boosting non-oil revenues and developing financial management tools. Additionally, the British ambassador reaffirmed his country's support for Iraq in the economic and financial sphere.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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