Prime Minister's Advisor: Iraq Prepares for Radical Economic Transformations and Comprehensive Structural Reforms in the Coming Phase

The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, revealed on Wednesday (May 27, 2026) a serious governmental push to bring about a qualitative shift in the philosophy of managing the country's financial and economic files, under the direct guidance of Prime Minister Ali Al-Zaidi. In official statements, the Advisor explained that assigning the Minister of Finance the duties of Deputy Chairman of the Ministerial Council for the Economy represents a strategic step to transform the Ministry from a mere executive body for distributing expenditures into a sovereign institution leading structural reform and sustainable planning. He emphasized that the government is working to forge balanced partnerships between state sectors and the market within the 2035 development vision. He noted that the upcoming phase will witness the activation of comprehensive oversight over institutional performance to ensure improved living standards and achieve financial and monetary stability in coordination with the Central Bank of Iraq.