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The Ministry of Finance announces 25 achievements in implementing the white paper
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Baghdad / NINA / - The Ministry of Finance announced today, Wednesday, that 25 achievements have been achieved by implementing the white paper.
The ministry stated, in a statement, that "the Iraqi government adopted, at the beginning of August of the year 2021, the implementation of the economic reform paper to be a comprehensive roadmap, with the main objective of addressing the serious challenges facing the Iraqi economy, reducing dependence on oil as the only resource for the state and stimulating production in various governmental, private and other sectors." Dozens of reform programs and projects.
The statement added, "The Iraqi government is continuing to implement the terms of the white paper, and the Ministry of Finance has made advanced and successful steps under the guidance and follow-up of Ali Abdul Amir Allawi, and to proceed with the reform paper procedures to consolidate all possibilities and facilitate their application to all sectors."
He pointed out that "work continues to implement the targeted projects, because the nature of their implementation is of a purely professional and economic aspect, and it has positive repercussions on the state's economy and continuously regardless of changing governments, as the government has begun, since last year, procedures for the actual implementation, which resulted in the completion of many requirements. contained in the white paper, including:
1- The rules for organizing the state’s general budget have been developed so that the budget is flexible in its preparation and implementation, as it was formulated to include a basic oil price to estimate revenues and flexible expenditure schedules that are implemented according to changes in oil prices and actual revenues, but the absence of a government with full powers This led to the project not being sent to the House of Representatives
2- The internal bonds were issued in the local markets and they were fully subscribed.
3- Several preparations and seminars have been initiated in cooperation with various international organizations and many countries to try to implement the program and performance budget.
4- The government debt strategy was prepared and approved by the Council of Ministers.
5- Preparations for the automation of the tax system have been completed in preparation for the issuance of a tax number for each citizen and for each company operating in Iraq, pending financial allocations in the budget to complete the work.
6- Work is continuing in the Central Bank to develop mechanisms for following up on private banks and activating the work of the Deposit Insurance Company to give full confidence to deal with private banks.
7- All banks operating in Iraq were urged to activate and increase the use of electronic services for them and their customers.
8- The re-amendment of the internal system of Rafidain Bank has been completed and submitted to the State Council for approval in preparation for the restructuring of all government banks.
9- The draft law of the Securities Commission has been completed in cooperation with various economic sectors and the State Council.
10- International consultants have been appointed in the insurance sector, and work is underway to study the insurance market in Iraq in preparation for amending the sector’s legislation in cooperation with the British Adam Smith Organization, in addition to involving workers in the insurance sector in various specialized courses in order to raise their professional competence.
11- A draft amendment to the Companies Law was prepared, including governance standards in accordance with international best practices, which would develop the investment environment in Iraq.
12- It was allowed to import damaged cars within the permitted model years and repair them inside Iraq, which would create many investment opportunities.
13- The Higher Committee for Lending has been re-formed and the Central Bank’s initiatives to lend, whether within the housing fund or purchase loans for housing units from investment complexes, have been reconstituted, which would solve the housing problem on the one hand and provide job opportunities in these projects on the other hand, in a way that works to provide economic development in general. .
14- Data of government companies were collected and categorized into successful, faltering and failed in preparation for presenting them to the next government in order to take the necessary measures to treat them.
15- The normalization of customs automation procedures has been initiated in Iraq according to the ASYCUDA system, and work is in progress.
16- Activating initiatives from the Central Bank to lend to encourage the use of alternative energy for electricity in Iraq.
17- Work is underway to complete the electrical connection with neighboring countries.
18- Work is continuing to control the access gates to end cases of smuggling Internet capacities.
19- Introducing fourth generation technology services in Iraq.
20 - Completing the legislation of the health insurance law and working on its implementation.
21- Increase [You must be registered and logged in to see this link.] for groups covered by social protection.
22 - Fixing the defect in the ration card and increasing its vocabulary.
23- Initiating a program to build the 1,000 schools in cooperation with Chinese companies.
24- Implementation of the electronic system for employment in the Federal Service Council.
25- Activating the petrodollars for the governorates and customs imports with the governorates.”
He pointed out that “the white paper came to set a road map that contributes to the advancement of all economic, social, cultural, financial and investment sectors to correct the path of sustainable development in the country and move towards achieving non-rent revenues that contribute to achieving long-term strategic goals. and strengthening the pillars of a diversified, balanced and strong national economy, especially in light of the current global economic challenges./ End 7
The ministry stated, in a statement, that "the Iraqi government adopted, at the beginning of August of the year 2021, the implementation of the economic reform paper to be a comprehensive roadmap, with the main objective of addressing the serious challenges facing the Iraqi economy, reducing dependence on oil as the only resource for the state and stimulating production in various governmental, private and other sectors." Dozens of reform programs and projects.
The statement added, "The Iraqi government is continuing to implement the terms of the white paper, and the Ministry of Finance has made advanced and successful steps under the guidance and follow-up of Ali Abdul Amir Allawi, and to proceed with the reform paper procedures to consolidate all possibilities and facilitate their application to all sectors."
He pointed out that "work continues to implement the targeted projects, because the nature of their implementation is of a purely professional and economic aspect, and it has positive repercussions on the state's economy and continuously regardless of changing governments, as the government has begun, since last year, procedures for the actual implementation, which resulted in the completion of many requirements. contained in the white paper, including:
1- The rules for organizing the state’s general budget have been developed so that the budget is flexible in its preparation and implementation, as it was formulated to include a basic oil price to estimate revenues and flexible expenditure schedules that are implemented according to changes in oil prices and actual revenues, but the absence of a government with full powers This led to the project not being sent to the House of Representatives
2- The internal bonds were issued in the local markets and they were fully subscribed.
3- Several preparations and seminars have been initiated in cooperation with various international organizations and many countries to try to implement the program and performance budget.
4- The government debt strategy was prepared and approved by the Council of Ministers.
5- Preparations for the automation of the tax system have been completed in preparation for the issuance of a tax number for each citizen and for each company operating in Iraq, pending financial allocations in the budget to complete the work.
6- Work is continuing in the Central Bank to develop mechanisms for following up on private banks and activating the work of the Deposit Insurance Company to give full confidence to deal with private banks.
7- All banks operating in Iraq were urged to activate and increase the use of electronic services for them and their customers.
8- The re-amendment of the internal system of Rafidain Bank has been completed and submitted to the State Council for approval in preparation for the restructuring of all government banks.
9- The draft law of the Securities Commission has been completed in cooperation with various economic sectors and the State Council.
10- International consultants have been appointed in the insurance sector, and work is underway to study the insurance market in Iraq in preparation for amending the sector’s legislation in cooperation with the British Adam Smith Organization, in addition to involving workers in the insurance sector in various specialized courses in order to raise their professional competence.
11- A draft amendment to the Companies Law was prepared, including governance standards in accordance with international best practices, which would develop the investment environment in Iraq.
12- It was allowed to import damaged cars within the permitted model years and repair them inside Iraq, which would create many investment opportunities.
13- The Higher Committee for Lending has been re-formed and the Central Bank’s initiatives to lend, whether within the housing fund or purchase loans for housing units from investment complexes, have been reconstituted, which would solve the housing problem on the one hand and provide job opportunities in these projects on the other hand, in a way that works to provide economic development in general. .
14- Data of government companies were collected and categorized into successful, faltering and failed in preparation for presenting them to the next government in order to take the necessary measures to treat them.
15- The normalization of customs automation procedures has been initiated in Iraq according to the ASYCUDA system, and work is in progress.
16- Activating initiatives from the Central Bank to lend to encourage the use of alternative energy for electricity in Iraq.
17- Work is underway to complete the electrical connection with neighboring countries.
18- Work is continuing to control the access gates to end cases of smuggling Internet capacities.
19- Introducing fourth generation technology services in Iraq.
20 - Completing the legislation of the health insurance law and working on its implementation.
21- Increase [You must be registered and logged in to see this link.] for groups covered by social protection.
22 - Fixing the defect in the ration card and increasing its vocabulary.
23- Initiating a program to build the 1,000 schools in cooperation with Chinese companies.
24- Implementation of the electronic system for employment in the Federal Service Council.
25- Activating the petrodollars for the governorates and customs imports with the governorates.”
He pointed out that “the white paper came to set a road map that contributes to the advancement of all economic, social, cultural, financial and investment sectors to correct the path of sustainable development in the country and move towards achieving non-rent revenues that contribute to achieving long-term strategic goals. and strengthening the pillars of a diversified, balanced and strong national economy, especially in light of the current global economic challenges./ End 7
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