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Advisor to the Prime Minister sets two government priorities to maximize non-oil state revenues
Economy Yesterday, 19:40
Baghdad - INA - Nassar Al-Hajj,
Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, today, Thursday, identified two government priorities to maximize the state's non-oil revenues, while
confirming the government's approach to resetting the surplus of oil rents.
Salih told the Iraqi News Agency (INA):
"Paragraphs 5 and 6 of the government program approved by Parliament in October 2022 emphasized two issues, the
first of which is:
reforming the tax and customs system,
controlling border crossings, and
maximizing state (non-oil) revenues." He added,
"The second priority emphasized the goal of
reducing the percentage of dependence on oil revenues to finance the state budget within three years to (80%) instead of its current rates, which exceed 90% of total public revenues,
by diversifying and maximizing non-oil revenues and other revenues from companies." the public". And Saleh continued,
"Despite the foregoing, there is a clear financial structure to reset the surplus revenues from refining and distribution of oil products and transferring them to the benefit of the state's public treasury in a manner consistent with maximizing revenues from outside the contribution of crude oil to the total budget revenues." He noted that
"what is going on in this regard does not deviate from the principles of the governmental curriculum approved by the legislative authority in the last quarter of last year,
which is consistent with the state's financial strategy in maximizing and diversifying the resources of the general budget and addressing financial waste."
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Economy Yesterday, 19:40
Baghdad - INA - Nassar Al-Hajj,
Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, today, Thursday, identified two government priorities to maximize the state's non-oil revenues, while
confirming the government's approach to resetting the surplus of oil rents.
Salih told the Iraqi News Agency (INA):
"Paragraphs 5 and 6 of the government program approved by Parliament in October 2022 emphasized two issues, the
first of which is:
reforming the tax and customs system,
controlling border crossings, and
maximizing state (non-oil) revenues." He added,
"The second priority emphasized the goal of
reducing the percentage of dependence on oil revenues to finance the state budget within three years to (80%) instead of its current rates, which exceed 90% of total public revenues,
by diversifying and maximizing non-oil revenues and other revenues from companies." the public". And Saleh continued,
"Despite the foregoing, there is a clear financial structure to reset the surplus revenues from refining and distribution of oil products and transferring them to the benefit of the state's public treasury in a manner consistent with maximizing revenues from outside the contribution of crude oil to the total budget revenues." He noted that
"what is going on in this regard does not deviate from the principles of the governmental curriculum approved by the legislative authority in the last quarter of last year,
which is consistent with the state's financial strategy in maximizing and diversifying the resources of the general budget and addressing financial waste."
[You must be registered and logged in to see this link.]
