Baghdad - INA - Sajjad Al-Moussawi
, today, Friday, economists expected to put forward a reform and investment budget, stressing the existence of an improvement in the financial situation.
Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, said in a statement to Al-Iraqiya News Channel, which was followed by the Iraqi News Agency (INA), that "the budget follows the white paper approach with improvements, and it is reformist in budget reform and economic reform, but it needs a will for implementation as well," noting that "the circumstance The fiscal is now relatively better, but the budget is hedging a deficit, but this deficit is not financed by borrowing, but rather from financial flows from the sale of oil.”
From his side, the Director General of the Financial and Accounting Training Center at the Ministry of Finance, Ahmed Al-Dahlaki, confirmed that "the budget in Iraq depends by 93 percent on oil and other resources, which constitutes 7 percent comes from taxes, customs, public companies and other existing public revenues, and its percentage is small."
In turn, the professor at the Administrative Technical College, Dr. Salah El-Din Muhammad, called for "investment of other sources to support the state's public revenues," noting that "the industrial and agricultural sectors were among the vital and excellent sectors in terms of tax and customs revenues, which constitute an important part of the revenue aspects that can be invested." to diversify the sources for the national economy.
[You must be registered and logged in to see this link.]