by Rocky Mon 18 Mar 2024, 5:17 am
Yesterday, 16:46BaghdadThe financial advisor to the Prime Minister, Mazhar Muhammad Salih, expected today, Sunday, that Iraq will leave cash handling ... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Yesterday, 16:46
Baghdad
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, expected today, Sunday, that Iraq will leave cash handling in the government and switch to 100% electronic collection in mid-2024.
Saleh said in a televised statement followed by Al-NEWS Press, “Government collection began at the beginning of this year, and electronic payments have been adopted via cards in various forms, but it takes some time to prepare revenue institutions for electronic payment.”
He expected that "by the middle of this year, the government collection rate will become 100 percent electronic, after important institutions such as the Ministry of Electricity and gas stations have initiated it, in addition to the gradual adaptation of the rest of the institutions ."
He pointed out that "before the middle of the current year, there will be no government institution that receives final cash, leading to the legal adaptation of electronic payment receipt with the Financial Management Law and the Accounting Systems Law, which are agreed upon and recognized in terms of conformity and compatibility ."
He stressed that "things are going well and accelerating, and the year 2024 will actually be (the year of electronic payment) in Iraq."
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The new systems are underway and will do exactly what the plan has been under execution to do. They are going for sustainable development and this all part of the govenment program. They have been at this for some time, so I imagine they'll be further along now than what may be necessary. Many things are underway. Just as the completion of the 2024 Budget schedules and texts are.. I like it. This supports there is no stopping the program.. imo ~ MM
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