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IMF calls for Iraq to work on increasing the Internal Revenue
Date: 03/15/2015 17:39
Called on the International Monetary Fund, Sunday, the Iraqi government to work to increase the Internal Revenue Service, stressing the importance of reducing and rationalizing unnecessary expenses and prepare for the fiscal adjustment in the future.
The Finance Ministry said in a statement the agency / information / received a copy of it, "Finance Minister Hoshyar Zebari took part in the periodic consultations between Iraq and the International Monetary Fund, which are held twice a year to deliberate and exchange views on the state of the Iraqi economy and fiscal policies in the country.
Representatives of the International Monetary Fund, according to the statement, "satisfaction with the adoption of the budget in 2015, and the realism of the Iraqi reality, at the same time stressing the importance of reducing and rationalizing Alladharoria expenses and prepare for the fiscal adjustment in the future."
He called on representatives of the Fund to "work to reduce the funding of the banking system and the Central Bank of Iraq and work to increase the internal revenue taxes property and general sales tax and corporate income tax and improved tax performance and customs, providing a number of recommendations to the Iraqi side to reform the subsidy system, and repair service system Modern and energy sector reform and the reform and restructuring of state-owned enterprises, as well as the reform of the social protection system. "
It pointed out that "the meeting concluded a number of conclusions which, the continuation of the government and the Ministry of Finance to adopt a proactive approach in the face of crisis and prepare a plan of public finance and maintain the independence of the Central Bank", noting that "these recommendations, despite their importance, they remain an advisory and non-binding but useful To fix the situation of our economy. "
The run-up to these consultations, the annual spring meetings of Ministers of the countries of the world with the International Monetary Fund and the World Bank to be held late April 2015.
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Date: 03/15/2015 17:39
Called on the International Monetary Fund, Sunday, the Iraqi government to work to increase the Internal Revenue Service, stressing the importance of reducing and rationalizing unnecessary expenses and prepare for the fiscal adjustment in the future.
The Finance Ministry said in a statement the agency / information / received a copy of it, "Finance Minister Hoshyar Zebari took part in the periodic consultations between Iraq and the International Monetary Fund, which are held twice a year to deliberate and exchange views on the state of the Iraqi economy and fiscal policies in the country.
Representatives of the International Monetary Fund, according to the statement, "satisfaction with the adoption of the budget in 2015, and the realism of the Iraqi reality, at the same time stressing the importance of reducing and rationalizing Alladharoria expenses and prepare for the fiscal adjustment in the future."
He called on representatives of the Fund to "work to reduce the funding of the banking system and the Central Bank of Iraq and work to increase the internal revenue taxes property and general sales tax and corporate income tax and improved tax performance and customs, providing a number of recommendations to the Iraqi side to reform the subsidy system, and repair service system Modern and energy sector reform and the reform and restructuring of state-owned enterprises, as well as the reform of the social protection system. "
It pointed out that "the meeting concluded a number of conclusions which, the continuation of the government and the Ministry of Finance to adopt a proactive approach in the face of crisis and prepare a plan of public finance and maintain the independence of the Central Bank", noting that "these recommendations, despite their importance, they remain an advisory and non-binding but useful To fix the situation of our economy. "
The run-up to these consultations, the annual spring meetings of Ministers of the countries of the world with the International Monetary Fund and the World Bank to be held late April 2015.
[You must be registered and logged in to see this link.]
