Procedures to maximize the non-oil resources
No more than nine trillion dinars per year since 2010
BAGHDAD - Farah pumice
There is no doubt that Iraq has stockpiled oil tremendous puts him at the forefront of the world, especially with the escalation of the business to increase production and export, but the adoption of its imports by 95 percent in the preparation of budgets met with criticism from economists, called for the government and the concerned authorities to look for new ways to contribute to maximize the non-oil imports. taxing study suggests the Ministry of Finance included in the general budget for the year 2014, that the non-oil revenues since 2010 to 2014 did not exceed nine trillion per year. placed the study inter procedures for the purpose of maximizing the resources are not actual oil, notably the completion of tariff law tax and implementation, as it will lead the implementation of this law to the additional support of the budget, in addition to the General Authority for taxes to expedite the submission of a bill to apply the tax on the sales of mobile phone for the purpose of application in the year 2015. well as the recommended budget in 2014 to impose a tax on restaurants and luxury hotels, and obtaining tax cigarettes, with study options for Order joint reviews of doctors and hospitals, as well as the prohibition of legislation which encourages investments involving tax breaks as an incentive, and others. estimated revenues of the federal budget for the financial year 2014 / more than 139 trillion dinars, while the total expenditure of more than 170 trillion dinars by a financial deficit It is estimated more than 30 trillion dinars, after taking into account the revenues derived from the export of crude oil on the basis of the average price of 90 dollars per barrel and the rate of export of three million and 400 000 barrels per day, including the amounts of crude oil produced in Kurdistan. improve departments and called for the study to invest resources to improve the departments of tax and customs in Iraq, with an emphasis on non-expansion of the tax breaks and exceptions. has also urged the budget on study opportunities for the collection of taxes by the cooperation discreet between the main actors of the relationship, which the central bank and the ministries of oil, trade and the GCT and the General Administration of Customs, as well as the possibility of achieving an improvement in relation to the issues of taxes related to oil through better cooperation between the Energy Committee in the Council of Ministers and the Department of Accounting at the ministries of finance and oil. Commission permanent study suggested forming a committee permanently for the purpose of supervision and follow-up session documentary and accounting entries and recorded accounting records and documents associated with them through the formation of a high-level panel comprising representatives of the General Secretariat of the Council of Ministers and the Department of Accounting and General Commission for Taxes and the Iraqi Central Bank and the Ministry of Oil to be representative of the Ministry of Oil of the Economic Department and the Department of the contract and licensing, while the Sub-Commission on the second has recommended the implementation of the tariff law and the imposition of sales tax on mobile phones and study the possibility of reducing the tax breaks gradually., but the draft budget predicted increased rates of production and export of oil under the influence of investment by foreign oil companies and the gradual replacement of infrastructure desolated in this sector, however, did not reflect the growth in contributions from non-oil revenues in nominal terms the increase Expected changes. indicated that a member of the Finance Committee MP Abdul Hussein al-Yasiri said in an earlier statement that "Iraq's budget reliance first on oil and its decline would be a disaster, as happened in the 2008 budget," he said, adding that the reliance on oil means dependence on the unknown, because the stop the export of oil or the occurrence wars international threaten the country's economy. also called Yasiri the need to build a market economy and the building of the agricultural sector which is the food basket president of Iraq, and the development of agriculture of interest and activate the industry and encourage the private sector, stressing the need that the government is working to diversify the sources of state revenue and non- total reliance on oil, to avoid the risk of global crises on the national economy, through the activation of economic sectors such as agriculture, industry and petrochemical sector interest and oil refineries, as well as the establishment of an international economic zones in the area of a triangle where the FAO will be parallel to the annual import of oil revenues.
[You must be registered and logged in to see this link.]
No more than nine trillion dinars per year since 2010
BAGHDAD - Farah pumice
There is no doubt that Iraq has stockpiled oil tremendous puts him at the forefront of the world, especially with the escalation of the business to increase production and export, but the adoption of its imports by 95 percent in the preparation of budgets met with criticism from economists, called for the government and the concerned authorities to look for new ways to contribute to maximize the non-oil imports. taxing study suggests the Ministry of Finance included in the general budget for the year 2014, that the non-oil revenues since 2010 to 2014 did not exceed nine trillion per year. placed the study inter procedures for the purpose of maximizing the resources are not actual oil, notably the completion of tariff law tax and implementation, as it will lead the implementation of this law to the additional support of the budget, in addition to the General Authority for taxes to expedite the submission of a bill to apply the tax on the sales of mobile phone for the purpose of application in the year 2015. well as the recommended budget in 2014 to impose a tax on restaurants and luxury hotels, and obtaining tax cigarettes, with study options for Order joint reviews of doctors and hospitals, as well as the prohibition of legislation which encourages investments involving tax breaks as an incentive, and others. estimated revenues of the federal budget for the financial year 2014 / more than 139 trillion dinars, while the total expenditure of more than 170 trillion dinars by a financial deficit It is estimated more than 30 trillion dinars, after taking into account the revenues derived from the export of crude oil on the basis of the average price of 90 dollars per barrel and the rate of export of three million and 400 000 barrels per day, including the amounts of crude oil produced in Kurdistan. improve departments and called for the study to invest resources to improve the departments of tax and customs in Iraq, with an emphasis on non-expansion of the tax breaks and exceptions. has also urged the budget on study opportunities for the collection of taxes by the cooperation discreet between the main actors of the relationship, which the central bank and the ministries of oil, trade and the GCT and the General Administration of Customs, as well as the possibility of achieving an improvement in relation to the issues of taxes related to oil through better cooperation between the Energy Committee in the Council of Ministers and the Department of Accounting at the ministries of finance and oil. Commission permanent study suggested forming a committee permanently for the purpose of supervision and follow-up session documentary and accounting entries and recorded accounting records and documents associated with them through the formation of a high-level panel comprising representatives of the General Secretariat of the Council of Ministers and the Department of Accounting and General Commission for Taxes and the Iraqi Central Bank and the Ministry of Oil to be representative of the Ministry of Oil of the Economic Department and the Department of the contract and licensing, while the Sub-Commission on the second has recommended the implementation of the tariff law and the imposition of sales tax on mobile phones and study the possibility of reducing the tax breaks gradually., but the draft budget predicted increased rates of production and export of oil under the influence of investment by foreign oil companies and the gradual replacement of infrastructure desolated in this sector, however, did not reflect the growth in contributions from non-oil revenues in nominal terms the increase Expected changes. indicated that a member of the Finance Committee MP Abdul Hussein al-Yasiri said in an earlier statement that "Iraq's budget reliance first on oil and its decline would be a disaster, as happened in the 2008 budget," he said, adding that the reliance on oil means dependence on the unknown, because the stop the export of oil or the occurrence wars international threaten the country's economy. also called Yasiri the need to build a market economy and the building of the agricultural sector which is the food basket president of Iraq, and the development of agriculture of interest and activate the industry and encourage the private sector, stressing the need that the government is working to diversify the sources of state revenue and non- total reliance on oil, to avoid the risk of global crises on the national economy, through the activation of economic sectors such as agriculture, industry and petrochemical sector interest and oil refineries, as well as the establishment of an international economic zones in the area of a triangle where the FAO will be parallel to the annual import of oil revenues.
[You must be registered and logged in to see this link.]
Yesterday at 7:30 am by Rocky
» utube 5/4/24 MM&C Iraq Dinar- IQD Update - No Float of Exchange Rate - Budget -2024 - Schedules -
Yesterday at 7:29 am by Rocky
» “Services” asks the Central Bank about billions of foreign banks in Iraq
Yesterday at 7:27 am by Rocky
» Central Bank: Iraqi banks still face challenges in complying with international laws and standards
Yesterday at 7:24 am by Rocky
» Parliamentary bloc: The Central Bank offers hard currency to “mafias” on a golden platter.. The Suda
Yesterday at 7:20 am by Rocky
» The Iraqi Central Auction witnesses a rise in foreign remittances to $267 million
Yesterday at 7:19 am by Rocky
» Wednesday.. The session to elect the President of the Iraqi Parliament is heading towards “Al-Issawi
Yesterday at 7:14 am by Rocky
» The Union of Arab Banks proposes 4 “important” points for Iraqi banks to meet compliance standards
Yesterday at 7:12 am by Rocky
» In the document... the Central Bank decides to return the “Al-Mal” Bank to work... in this case
Yesterday at 7:08 am by Rocky
» The Iraqi-American agreements and cooperation were the most prominent topics of Al-Araji and Romanow
Yesterday at 7:06 am by Rocky
» Al-Hakim meets a joint delegation of resolve and sovereignty and renews the call to hold a session t
Yesterday at 7:05 am by Rocky
» Nearly one billion dinars were recovered and 3 million liters of fuel intended for smuggling in Iraq
Yesterday at 7:03 am by Rocky
» Al-Sudani and the European Union ambassador discuss issues of economic partnerships, civil aviation,
Yesterday at 6:59 am by Rocky
» More than 950 million dinars... petroleum products announced their recovery
Yesterday at 6:57 am by Rocky
» Forming a committee to follow up on stopping the sale of the dollar to travelers
Yesterday at 6:54 am by Rocky
» The Minister of Justice visits Al-Muthanna Governorate to discuss mechanisms for developing judicial
Yesterday at 6:52 am by Rocky
» Agriculture: Farmers who were affected by the recent rains will be compensated
Yesterday at 6:51 am by Rocky
» Al-Rasheed issues a warning regarding applying for advances and loans
Yesterday at 6:49 am by Rocky
» Al-Rafidain announces the implementation of the comprehensive banking system in its main branch
Yesterday at 5:24 am by Rocky
» Al-Rasheed warns of offices and pages claiming to promote the Salaf
Yesterday at 5:22 am by Rocky
» Adviser to the Prime Minister: There are no conflicts in the route of the Baghdad Metro
Yesterday at 5:19 am by Rocky
» Al-Sudani: We are keen to develop the work of the TBI Bank and address the problems it faces
Yesterday at 5:18 am by Rocky
» Agriculture explains the mechanism of implementing the calendar program and its economic gains
Yesterday at 5:17 am by Rocky
» “The shocks have changed.” The Governor of the Central Bank explains the impact of the openness of I
Yesterday at 5:16 am by Rocky
» The President of the Association of Private Banks sends an “important” invitation to the Central Ban
Yesterday at 5:15 am by Rocky
» Al-Alaq: The Iraqi banking sector has witnessed significant qualitative developments in response to
Yesterday at 5:12 am by Rocky
» On behalf of Al-Sudani, the Minister of Planning sponsors the signing ceremony of a memorandum of un
Yesterday at 5:11 am by Rocky
» The Iraqi Travel Companies Association participates in the Arab Travel Market Exhibition
Yesterday at 5:10 am by Rocky
» The start of the work of the Iraqi-Jordanian Economic Forum
Yesterday at 5:07 am by Rocky
» Integrity Commission at the Arab Anti-Corruption Convention Conference
Yesterday at 5:06 am by Rocky
» Election of the Speaker of Parliament between amendment and disruption
Yesterday at 5:05 am by Rocky
» Plans to increase the real estate bank's capital
Yesterday at 5:03 am by Rocky
» The Central Bank sells more than $276 million in the currency auction
Yesterday at 5:02 am by Rocky
» Advisor to the Prime Minister: We are heading towards a complete transformation of the electronic pa
Yesterday at 5:01 am by Rocky
» Savings and financial inclusion
Yesterday at 5:00 am by Rocky
» Agriculture expects to market 6 million tons of wheat
Yesterday at 4:58 am by Rocky
» Al-Sudani chairs the first meeting of the Supreme Committee for Restructuring the Government Apparat
Yesterday at 4:57 am by Rocky
» Al-Sudani receives an official invitation to participate in the United Nations Climate Change Confer
Yesterday at 4:55 am by Rocky
» "Baghdad Today" in the southern refineries: The Azmara unit will reduce imported gasoline and hard c
Yesterday at 4:54 am by Rocky
» Al-Sudani stresses the importance of supporting the pillars of food security
Yesterday at 4:51 am by Rocky
» Kurdistan is an important oasis for investment. Security and economic stability eliminates the housi
Yesterday at 4:50 am by Rocky
» Politician: Comparing Al-Halbousi to Al-Maliki is not up for discussion
Yesterday at 4:46 am by Rocky
» The Kurdistan Democratic Party demands international supervision of the region's elections
Yesterday at 4:45 am by Rocky
» Al-Sudani heads to Italy next week on an official visit
Yesterday at 4:44 am by Rocky
» Warnings of challenges delaying budget approval, most notably the deficit
Yesterday at 4:43 am by Rocky
» The Ministry of Oil sets the launch date for the fifth and sixth licensing rounds
Yesterday at 4:41 am by Rocky
» Rafidain Bank announces the implementation of the comprehensive banking system in its main branch
Yesterday at 4:40 am by Rocky
» Central Bank Governor: The banking sector is witnessing major qualitative developments
Yesterday at 4:39 am by Rocky
» Economic: Neighboring countries do not import from Iraq for fear of fraud
Sun 05 May 2024, 10:43 am by Rocky
» The Central Bank of Iraq sells more than $276 million in currency auction
Sun 05 May 2024, 9:16 am by Rocky
» Agreement on the presidency of Parliament: Did Al-Halbousi win?
Sun 05 May 2024, 7:09 am by Rocky
» Because of his corruption... Al-Karawi calls for Al-Halbousi to be held accountable
Sun 05 May 2024, 7:08 am by Rocky
» Al-Shammari: The American presence in Iraq has no legal cover
Sun 05 May 2024, 7:06 am by Rocky
» A story titled: Al-Fartusi, the Iraqi ports, and the 160 Committee
Sun 05 May 2024, 7:04 am by Rocky
» The Minister of Finance of the Kurdistan Region expects the date of Baghdad’s sending of salaries fo
Sun 05 May 2024, 7:03 am by Rocky
» What is the importance of conducting a pilot population census in Iraq?
Sun 05 May 2024, 7:01 am by Rocky
» The start of the meetings of the sixth session of the joint Iraqi-Iranian committee in Tehran
Sun 05 May 2024, 6:58 am by Rocky
» The budget schedules did not reach the Council of Ministers
Sun 05 May 2024, 6:54 am by Rocky
» The Minister of Planning directs the installation and operation of gold screening units at Iraqi air
Sun 05 May 2024, 6:52 am by Rocky
» Government advisor: Collections will shift almost completely to electronic payment in the middle of
Sun 05 May 2024, 6:51 am by Rocky
» A politician accuses the American embassy of attracting parties inside Iraq to confuse the situation
Sun 05 May 2024, 5:07 am by Rocky
» Deputy: The anti-prostitution law blocks the way for destructive ideas
Sun 05 May 2024, 5:06 am by Rocky
» State of Law: A political agreement to resolve the position of Speaker of Parliament...these are its
Sun 05 May 2024, 5:05 am by Rocky
» Kurdistan Parliament elections.. The insistence of the two parties intensifies and an international
Sun 05 May 2024, 5:04 am by Rocky
» Jordan considers Iraq one of its "most important" main partners in the investment field
Sun 05 May 2024, 5:02 am by Rocky
» Advisor to the Prime Minister: Iraq is a fertile environment for projects, and there is an expansion
Sun 05 May 2024, 5:01 am by Rocky
» Parliament is close to approving the renewable energy project law
Sun 05 May 2024, 5:00 am by Rocky
» The delay surrounds five Iraqi ministries.. What is the relationship with the budget?
Sun 05 May 2024, 4:58 am by Rocky
» Basra Council threatens: We will not accept unreliable companies to work in Qurna service projects
Sun 05 May 2024, 4:57 am by Rocky
» Iraq intends to convert collections to electronic payment in mid-2024
Sun 05 May 2024, 4:54 am by Rocky
» Parliamentary Committee: 5 ministries whose completion rates are “low”
Sun 05 May 2024, 4:53 am by Rocky
» Completion of the five-year national development plan 2024-2028
Sun 05 May 2024, 4:51 am by Rocky
» Investment opportunities in the ancient city of Ur
Sun 05 May 2024, 4:50 am by Rocky
» Today.. Baghdad hosts leading scientists and researchers in the field of artificial intelligence
Sun 05 May 2024, 4:49 am by Rocky
» Conditions and horrors
Sun 05 May 2024, 4:47 am by Rocky
» Democratic conditions threaten Kurdistan elections and embarrass the Commission
Sun 05 May 2024, 4:46 am by Rocky
» “Consensus” disrupts laws in parliamentary culture
Sun 05 May 2024, 4:44 am by Rocky
» Iraq celebrates “World Press Freedom Day”
Sun 05 May 2024, 4:43 am by Rocky
» Including Iraq... five countries possess more than 1,000 tons of gold
Sun 05 May 2024, 4:41 am by Rocky
» Davos is between two stations, is Iraq the third?
Sun 05 May 2024, 4:40 am by Rocky
» Specialists: The food basket was a buffer to mitigate the blow of high prices
Sun 05 May 2024, 4:39 am by Rocky
» Al-Rafidain Bank announces the implementation of the comprehensive banking system in its Hindi branc
Sun 05 May 2024, 4:34 am by Rocky
» Learn about the proposed law replacing punishment with financial sums
Sun 05 May 2024, 4:33 am by Rocky
» With the beginning of summer... poor services and a spiral of crises afflict the citizens of Kurdist
Sun 05 May 2024, 4:30 am by Rocky
» A new scandal involving one of the “ten promising companies in Basra”... the Iraqi Plain strikes con
Sun 05 May 2024, 4:29 am by Rocky
» With a package of files... Barzani to Tehran and Talabani to Washington next week
Sun 05 May 2024, 4:28 am by Rocky
» An expert reveals the size of the "gas gap" in Iraq: Achieving sufficiency within 3 years is very di
Sun 05 May 2024, 4:25 am by Rocky
» To reach an agreement on 10 memorandums...the start of the meetings of the sixth session of the Iraq
Sun 05 May 2024, 4:24 am by Rocky
» The dollar is declining slightly against the Iraqi dinar in local markets
Sun 05 May 2024, 4:22 am by Rocky
» Deputy: 4 factors hinder Iraqi development.. one of them is a 90% reduction - urgent
Sun 05 May 2024, 4:21 am by Rocky
» Revealing the reason for its delay.. Elekti sets the date for sending the salaries of Kurdistan Regi
Sun 05 May 2024, 4:19 am by Rocky
» The Iraqi development road project, ambitions and expected challenges
Sun 05 May 2024, 4:18 am by Rocky
» Laws were enacted but did not find their way into implementation
Sun 05 May 2024, 4:16 am by Rocky
» Iraq: Political withdrawals hamper the work of Parliament
Sun 05 May 2024, 4:14 am by Rocky
» The continued fluctuation of the dollar exchange rates worries traders and citizens
Sun 05 May 2024, 4:13 am by Rocky
» Vice: Nour Zuhair and his companions manage Iraqi ports
Sun 05 May 2024, 4:10 am by Rocky
» The President of the Kurdistan Region visits Tehran today and meets with senior Iranian officials
Sun 05 May 2024, 4:08 am by Rocky
» Al-Maliki confirms Iraq's openness to all countries of the world
Sun 05 May 2024, 4:07 am by Rocky
» The World Bank is preparing to issue a human capital report in Iraq
Sun 05 May 2024, 4:06 am by Rocky