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Hakim discusses upgrading Iraq's financial policy with minister

The head of the National Hikma (Wisdom) Movement, Ammar al-Hakim meets with Finance Minister, Fuad Hussein
The head of the National Hikma (Wisdom) Movement, Ammar al-Hakim meets with Finance Minister, Fuad Hussein

The head of the National Hikma (Wisdom) Movement, Ammar al-Hakim, asserted on Sunday the importance of continuing the government formation by nominating the most efficient names.

During his meeting with Finance Minister, Fuad Hussein, he said that, “financial budget of 2019 should be based on balanced programs, plans and priorities.”

Al-Hakim stressed the need to upgrade the financial policy of Iraq in accordance with modern standards, ignoring the administrative bureaucracy which stands against the development and creativity."

Furthermore, Al-Hakim asserted that “new technology such as electronic banking transactions should be introduced to eliminate corruption.”

On Nov. 6, Hussein officially began his duties as deputy prime minister for economic affairs.

Hussein met with the Undersecretary of the Ministry of Finance and Inspector General of the Ministry, the statement said, adding that he listened to an explanation of his duties and the most important issues that fall within his responsibilities.

According to the statement, Hussein stressed the importance of planning a clear economic and financial policy, pointing to the need to use oil revenue and other resources to build investment and strategic projects.

Hussein was recently nominated by Prime Minister Adil Abdul Mahdi and approved by the parliament to serve in this position. 

Previously, he had been the KDP's candidate to be Iraq's new president, but he was beaten to the position by the PUK candidate, current President Barham Salih.

Last Modified: Sunday، 18 November 2018 12:43 PM
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