Advisor: Borrowing Law Not a Long-term Budget Substitute

The Borrowing and Grant Law in Iraq was adopted as a temporary measure to ensure the continuation of government spending until the approval of the general budget, according to the financial advisor to the Prime Minister, Mijdhar Mohammed Saleh. He clarified that this law is not a permanent substitute for the budget, and that fluctuating oil prices and increasing expenses make such measures necessary. The focus remains on the importance of financial stability and sustainable government spending amid current economic challenges.

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