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Oriented towards reforming the tax system and maximizing revenues
Economical 06/05/2023
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Yesterday, Sunday, Finance Minister Taif Sami discussed reforming the tax system and maximizing non-oil revenues.
A statement by the ministry stated that Sami chaired an expanded meeting to follow up on the paragraphs of implementing the ministerial program presented by the government program team in the General Secretariat of the Council of Ministers, in the presence of the general directors of the Mesopotamian, Rasheed, Agricultural, Industrial and Real Estate banks, the customs and tax authorities, and the directors of the legal, accounting and budget department in the ministry.
He added, "The meeting discussed the report on the implementation of the government program prepared according to the priorities of the ministerial platform related to the second chapter of 2023, managing public money, reducing consumer spending in favor of sustainable development projects, and shifting towards balancing programs and performance, in addition to adopting a vision to limit external borrowing for investment projects."
He stressed that "the meeting continued to study the priorities of reforming the tax and customs system, controlling border crossings, and maximizing non-oil state revenues, as well as following up on plans to reform the banking sector in a way that guarantees raising its contribution to the overall economic activity," noting that "a detailed report was presented on completion rates." Departments and agencies for their projects in accordance with the ministerial curriculum, identifying cases of delay in implementing programs in accordance with the vision (2023-2025), and stressing overcoming all obstacles to the completion of reform projects, and other plans consistent with the criteria for the advancement of the national economy.
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