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Specialists call for a review of the Iraqi financial system
The first 2023/08/30
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Baghdad: Hoda Al-Azzawi
The Integrity Commission thwarted two new attempts to steal tax secretariats in the governorates of Maysan and Muthanna, which were not recorded as final revenue for the state, similar to the famous "theft of the century" that took place in Baghdad. Specialists in the parliamentary and financial fields indicated that the repetition of such operations is due to the lack of transparency of the Iraqi financial system.
And the head of the “National Approach” bloc and a member of the Parliamentary Integrity Committee, Ahmed Al-Rubaie, stated in an interview with “Al-Sabah” that “the main reason that makes tax secretariats vulnerable to theft is the weakness of the procedures of the Ministry of Finance, the first concerned party that bears full responsibility, because these departments are affiliated with It has,” pointing out that “the deficiencies are clear, especially that the tax authority must deliver the final revenues after five years, but it keeps them exceeding this period.”
He noted that "the failure of the Ministry of Finance is clear in terms of not activating (electronic automation) and not using modern technologies, which provided an opportunity for the repetition of such thefts similar to the (theft of the century)."
He stressed that "the Integrity Committee will follow up this file seriously in light of the repeated theft of tax secretariats in more than one province, and therefore we will have a follow-up with the Integrity Commission and the General Tax Commission in Baghdad and the provinces to ensure that the waste of public money and funds that remain for more than five years in the custody of the departments are not repeated." the aforementioned without handing them over to the state treasury and not applying the laws,” calling on “the Financial Supervision Bureau to carry out its work and follow-up for the purpose of knowing the accounts accurately and ensuring that they are not tampered with, and to make recommendations to the concerned authorities to take the necessary measures.”
The Federal Integrity Commission had announced, earlier in two separate statements, that an amount exceeding 3 billion dinars had been allocated for the benefit of the Muthanna Tax Authority in the Treasury Directorate in the governorate, which exceeded a period of 5 years, and statements of more than 2.5 billion dinars in the Maysan Tax Authority since 2015 were requested by the Governorate Treasury Directorate. For the purpose of matching and obtaining a final revenue for the state.
In addition, the rapporteur of the Finance Committee for the fourth session, Dr. Ahmed Al-Saffar, said in an interview with "Al-Sabah": "The file on tax secretariats is one among dozens of files in which an abuse of public money occurs and is not discovered, due to the lack of transparency in the Iraqi financial system." In light of the lack of accountability and accountability of the tax system.
And he indicated, "The financial system of the Iraqi state is old and dilapidated, so the tax revenues that enter the state treasury are less than 10 percent of the real amounts, starting with customs taxes, income tax, real estate, and the rest of tax financial collections, as a result of the lack of scientific and technological development in digital finance." .
He pointed out that "the financial and administrative system in Iraq needs to be restructured, and the need to introduce new tools and mechanisms in dealing with it to keep pace with the global financial system, in light of the lack of control over non-oil revenues," and noted that "the financial authority is not serious about accessing these revenues, As the current government is supposed to turn to digital finance to access the real financial revenues of the state.
Edited by: Muhammad Al-Ansari
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