Baghdad-INA
The financial advisor to the Prime Minister, Mudhar Muhammad Salih, affirmed on Sunday that recovering public funds strengthens confidence and supports economic development. He explained that recovered funds contribute to easing pressure on the budget and reducing the need for borrowing, in addition to bolstering confidence in national institutions.
Salih told the Iraqi News Agency (INA) that "recovering public funds that have left the economic cycle due to corruption or misappropriation of public funds is not only important in terms of its direct financial value, but also reflects a clear governmental will to combat corruption and restore the state's rights, thus enhancing the confidence of citizens and investors in national institutions."
He added that "recovered funds contribute to easing the pressure on the general budget and reducing the need for borrowing, as well as providing additional resources that can be directed towards developing infrastructure and the health, education, housing, and basic services sectors."
Saleh explained that "the state's success in pursuing and recovering looted funds sends reassuring messages to the local and international business community, strengthens the ambiance of trust and transparency, and encourages attracting more investments."
He added that "integrating these funds into national development plans and Iraq's Vision 2050 makes them an effective tool for supporting economic reform and achieving sustainable development goals."
