Iraqi official: 2027 budget tough, Hormuz cuts investments
The Iraqi Prime Minister's economic and financial advisor expected that the 2027 budget will be the most difficult, due to the ongoing repercussions of the Strait of Hormuz crisis and the complete halt of oil exports. This could lead to a potential funding shortfall and the postponement of investment projects until the crisis ends. He confirmed that the government would focus on securing salaries and essential expenses, adopting a results-based budget and evaluating the effectiveness of programs, rather than just the level of spending, to ensure tangible outcomes and turn public funds into a real impact on the economy and citizens.
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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي
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