Posted on[You must be registered and logged in to see this link.] by [You must be registered and logged in to see this link.]
[size=52]Customs disparity crisis.. Kurdistan leads the revenue scene and other Iraqi ports decline![/size]
[size=45]Customs revenues in Iraq witness a noticeable disparity and difference between the border crossings of the Kurdistan Region and other crossings in the rest of the country.[/size]
[size=45]Reports indicate that Kurdistan's ports generate greater revenues than other federal government border ports.[/size]
[size=45]This disparity in revenues has sparked widespread controversy over the reasons for these differences, which may be due to differences in customs policies and control and inspection mechanisms between the two sides, in addition to the impact of geographical and security factors in those areas.[/size]
[size=45]The government’s financial advisor, Mazhar Muhammad Salih, says, “75% of the regular private sector trade passes through land, sea and air ports from official ports outside the region, in addition to the central government’s imports, which are mostly concentrated in the central official ports.”[/size]
[size=45]He added, “Informal cross-border trade does not exceed 6-8% of the private sector’s import trade, and falls within the category of illegal cross-border trade activities that are severely punished by law.”[/size]
[size=45]He explains that “the efficiency of customs revenues should increase to four times their current levels, which are approximately equivalent to (two billion dollars annually) with the region currently.”[/size]
[size=45]Saleh explains that “Federal General Budget Law No. 13 of 2023 (the Triennial Budget) has estimated non-oil revenues, including fees, direct and indirect taxes, profits of public companies, and others, at about 17 trillion dinars annually,” indicating that “revenues from oil exports, including products, were estimated in the aforementioned Federal General Budget Law at about 117 trillion dinars.”[/size]
[size=45]For his part, the economic expert, Abdul Rahman Al-Shaikhli, says, “The annual revenues of the federal ports range between 650 billion Iraqi dinars and one trillion dinars, which sometimes constitute less than 50% of the total public revenues.”[/size]
[size=45]He added, "It exceeds the percentage in the region, sometimes reaching nearly 70% of the total revenues, ranging between one trillion dinars and one trillion and 250 billion."[/size]
[size=45]As for the reasons for the decline in these revenues, Al-Shaikhli explains that “corruption in the federal ports exceeds what exists in the region’s ports due to their large number (19 in the federal government, and only 6 official ones in the region).”[/size]
[size=45]He added, "The commercial movement in the region is greater than in the rest of Iraq due to its proximity to the borders (Turkey and Iran), and most of our imports pass through or from these two countries."[/size]
[size=45]According to the economic expert, “the lower fees in the region than in the federal ports prompted many traders to pass their goods through the region’s ports.”[/size]
[size=45]In addition, economic researcher Ali Karim Idhaib says, “Iraq has 11 official land ports that connect Iraq to Iran, Syria, Saudi Arabia, and Jordan, with the exception of the Kurdistan Region ports that are linked to Turkey.”[/size]
[size=45]According to official figures, “the total volume of imports through these ports during the year 2021 amounted to 5 trillion, 220 billion, 926 million, and 700 thousand dinars, as it was from Iraq’s ports with Iran, which amounted to 3 trillion, 627 billion, and 653 million dinars.”[/size]
[size=45]He added, "In 2022, the total value of imports through the ports amounted to 7 trillion, 395 billion, and 204 million dinars, of which 5 trillion, 76 billion, and 395 million dinars were from Iraq's official ports with Iran."[/size]
[size=45]He explained: “The volume of imports through Iraq’s 6 seaports during 2021 amounted to 9 trillion, 681 billion, and 407 million dinars, the highest value of which is the northern Umm Qasr port, as the volume of imports amounted to 5 trillion, 69 billion, and 92 million dinars.”[/size]
[size=45]He added, “Iraq imported in 2022 through seaports worth 15 trillion, 978 billion, and 205 million dinars, the highest of which was through the northern Umm Qasr port, amounting to 10 trillion, 330 billion, and 703 million dinars, while the value of imports through air ports during 2021 amounted to 680 billion, 122 million dinars, and in 2022, it rose to 826 billion, 520 million dinars.”[/size]
[size=45]As for Iraqi exports through land ports, “during 2022, they amounted to 94 billion and 189 million dinars, the highest of which was through the Trebil port, amounting to 42 billion and 407 million dinars, while exports through sea ports amounted to 2 trillion and 333 billion and 397 million dinars, the highest of which was through the southern Umm Qasr port, amounting to 1 trillion and 745 billion and 898 million dinars, while exports through air ports amounted to 1 billion and 910 million dinars in the same year,” according to Ali Karim.[/size]
[size=45]The economic researcher added, “During the comparison, we find that the volume of imports is greater than exports, as Iraq is a rentier economy that depends 96% on financial revenues generated from the sale of oil, as it produces more than 4 million barrels per day, and exports about 3.3 million barrels per day.” He pointed out that “Iraq has an industrial base, as the total number of factories affiliated with public sector companies in Iraq is about 227, of which only 140 workers are employed, and about 18,167 industrial projects have stopped working for various reasons.”[/size]
[size=45]“The industrial sector used to constitute about 23% of Iraq’s GDP before 2003, and today it only constitutes 2-3% of the GDP,” Idhaib continues, explaining that “if there is a political and economic will to transform Iraq from a consuming country to a producing and exporting country, that means millions of dollars will enter the country’s federal budget annually, and thus imports will decrease while the imported goods that we need will remain in Iraq only, and we cannot manufacture or produce them.”[/size]
[size=45]According to the General Authority of Customs, it achieved revenues during the first quarter of this year that it had not achieved for (10) ten years, amounting to more than (471) billion dinars, an increase of (257,470,313,524) dinars (two hundred and fifty-seven billion, four hundred and seventy million, three hundred and thirteen thousand, five hundred and twenty-four dinars) for the same period of the previous year (2023), as a growth rate in revenues of (120%) was achieved.[/size]
[size=45][You must be registered and logged in to see this link.]
[size=52]Customs disparity crisis.. Kurdistan leads the revenue scene and other Iraqi ports decline![/size]
[size=45]Customs revenues in Iraq witness a noticeable disparity and difference between the border crossings of the Kurdistan Region and other crossings in the rest of the country.[/size]
[size=45]Reports indicate that Kurdistan's ports generate greater revenues than other federal government border ports.[/size]
[size=45]This disparity in revenues has sparked widespread controversy over the reasons for these differences, which may be due to differences in customs policies and control and inspection mechanisms between the two sides, in addition to the impact of geographical and security factors in those areas.[/size]
[size=45]The government’s financial advisor, Mazhar Muhammad Salih, says, “75% of the regular private sector trade passes through land, sea and air ports from official ports outside the region, in addition to the central government’s imports, which are mostly concentrated in the central official ports.”[/size]
[size=45]He added, “Informal cross-border trade does not exceed 6-8% of the private sector’s import trade, and falls within the category of illegal cross-border trade activities that are severely punished by law.”[/size]
[size=45]He explains that “the efficiency of customs revenues should increase to four times their current levels, which are approximately equivalent to (two billion dollars annually) with the region currently.”[/size]
[size=45]Saleh explains that “Federal General Budget Law No. 13 of 2023 (the Triennial Budget) has estimated non-oil revenues, including fees, direct and indirect taxes, profits of public companies, and others, at about 17 trillion dinars annually,” indicating that “revenues from oil exports, including products, were estimated in the aforementioned Federal General Budget Law at about 117 trillion dinars.”[/size]
[size=45]For his part, the economic expert, Abdul Rahman Al-Shaikhli, says, “The annual revenues of the federal ports range between 650 billion Iraqi dinars and one trillion dinars, which sometimes constitute less than 50% of the total public revenues.”[/size]
[size=45]He added, "It exceeds the percentage in the region, sometimes reaching nearly 70% of the total revenues, ranging between one trillion dinars and one trillion and 250 billion."[/size]
[size=45]As for the reasons for the decline in these revenues, Al-Shaikhli explains that “corruption in the federal ports exceeds what exists in the region’s ports due to their large number (19 in the federal government, and only 6 official ones in the region).”[/size]
[size=45]He added, "The commercial movement in the region is greater than in the rest of Iraq due to its proximity to the borders (Turkey and Iran), and most of our imports pass through or from these two countries."[/size]
[size=45]According to the economic expert, “the lower fees in the region than in the federal ports prompted many traders to pass their goods through the region’s ports.”[/size]
[size=45]In addition, economic researcher Ali Karim Idhaib says, “Iraq has 11 official land ports that connect Iraq to Iran, Syria, Saudi Arabia, and Jordan, with the exception of the Kurdistan Region ports that are linked to Turkey.”[/size]
[size=45]According to official figures, “the total volume of imports through these ports during the year 2021 amounted to 5 trillion, 220 billion, 926 million, and 700 thousand dinars, as it was from Iraq’s ports with Iran, which amounted to 3 trillion, 627 billion, and 653 million dinars.”[/size]
[size=45]He added, "In 2022, the total value of imports through the ports amounted to 7 trillion, 395 billion, and 204 million dinars, of which 5 trillion, 76 billion, and 395 million dinars were from Iraq's official ports with Iran."[/size]
[size=45]He explained: “The volume of imports through Iraq’s 6 seaports during 2021 amounted to 9 trillion, 681 billion, and 407 million dinars, the highest value of which is the northern Umm Qasr port, as the volume of imports amounted to 5 trillion, 69 billion, and 92 million dinars.”[/size]
[size=45]He added, “Iraq imported in 2022 through seaports worth 15 trillion, 978 billion, and 205 million dinars, the highest of which was through the northern Umm Qasr port, amounting to 10 trillion, 330 billion, and 703 million dinars, while the value of imports through air ports during 2021 amounted to 680 billion, 122 million dinars, and in 2022, it rose to 826 billion, 520 million dinars.”[/size]
[size=45]As for Iraqi exports through land ports, “during 2022, they amounted to 94 billion and 189 million dinars, the highest of which was through the Trebil port, amounting to 42 billion and 407 million dinars, while exports through sea ports amounted to 2 trillion and 333 billion and 397 million dinars, the highest of which was through the southern Umm Qasr port, amounting to 1 trillion and 745 billion and 898 million dinars, while exports through air ports amounted to 1 billion and 910 million dinars in the same year,” according to Ali Karim.[/size]
[size=45]The economic researcher added, “During the comparison, we find that the volume of imports is greater than exports, as Iraq is a rentier economy that depends 96% on financial revenues generated from the sale of oil, as it produces more than 4 million barrels per day, and exports about 3.3 million barrels per day.” He pointed out that “Iraq has an industrial base, as the total number of factories affiliated with public sector companies in Iraq is about 227, of which only 140 workers are employed, and about 18,167 industrial projects have stopped working for various reasons.”[/size]
[size=45]“The industrial sector used to constitute about 23% of Iraq’s GDP before 2003, and today it only constitutes 2-3% of the GDP,” Idhaib continues, explaining that “if there is a political and economic will to transform Iraq from a consuming country to a producing and exporting country, that means millions of dollars will enter the country’s federal budget annually, and thus imports will decrease while the imported goods that we need will remain in Iraq only, and we cannot manufacture or produce them.”[/size]
[size=45]According to the General Authority of Customs, it achieved revenues during the first quarter of this year that it had not achieved for (10) ten years, amounting to more than (471) billion dinars, an increase of (257,470,313,524) dinars (two hundred and fifty-seven billion, four hundred and seventy million, three hundred and thirteen thousand, five hundred and twenty-four dinars) for the same period of the previous year (2023), as a growth rate in revenues of (120%) was achieved.[/size]
[size=45][You must be registered and logged in to see this link.]
Today at 7:08 am by Rocky
» Ports Authority notes the fate of the five berths in the Grand Faw Port
Today at 7:03 am by Rocky
» MP: Why is the regional government fighting the civil banks war and leaving the core of the issue?
Today at 6:57 am by Rocky
» Political researcher: The amendment will include sovereign ministries
Today at 6:54 am by Rocky
» Retirement: End of service bonus paid to more than 7,000 retirees
Today at 6:50 am by Rocky
» Al-Mashhadani stresses the importance of the role of the Audit Bureau in combating administrative an
Today at 6:48 am by Rocky
» Al-Mashhadani and Al-Hakim discuss parliament’s approval of important laws
Today at 6:47 am by Rocky
» Parliamentary consensus to pass controversial laws soon
Today at 6:45 am by Rocky
» Currency Auction.. Increase in the Central Bank of Iraq’s sales of foreign remittances
Today at 6:43 am by Rocky
» Interior Ministry dismantles 600 drug networks, electronic passport to be introduced soon - Press co
Today at 6:41 am by Rocky
» utube 11/2/24 MM&C Report-Iraq 3 Presidents-National-Constitutional Entitlements-Open Market Operati
Today at 5:22 am by Rocky
» utube 11/5/24 MM&C MM&C News Report-ICC-Investors-RIYADA BANK-Port of Faw-3 Presidents Seated-Removi
Today at 5:20 am by Rocky
» Foreign Minister warns of major and dangerous economic repercussions
Today at 5:12 am by Rocky
» Roadmap for Reform
Today at 5:10 am by Rocky
» Government reshuffle looms over Al-Sudani’s cabinet.. The compass of change is heading towards 4 min
Today at 5:08 am by Rocky
» Parliamentary move to legalize foreign labor in Basra
Today at 5:07 am by Rocky
» Parliament intends to amend the retirement law and return the service age to 63 years
Today at 5:06 am by Rocky
» Parliamentary move to question a senior official and complete procedures against the Minister of Com
Today at 5:04 am by Rocky
» Legal expert explains the mechanism for forming the Kurdistan Regional Government
Today at 5:03 am by Rocky
» Silk Road imposes a state of maximum alert suddenly
Today at 5:01 am by Rocky
» Sheikh Raouf: There is an urgent need to find a constructive, corrective opposition in Kurdistan
Today at 5:00 am by Rocky
» Green light from Baghdad to build the first waste recycling plant in eastern Iraq
Today at 4:59 am by Rocky
» MP: Al-Mashhadani discussed 3 important files with parliamentary blocs
Today at 4:58 am by Rocky
» MP: Al-Mashhadani's election will not affect the completion of legislation
Today at 4:56 am by Rocky
» Parliamentary Oil: Investment in associated gas in fields exceeds 60%
Today at 4:54 am by Rocky
» IMF: Foreign investment outperforms sovereign funds in generating growth in Gulf
Today at 4:52 am by Rocky
» Categories exempted from the curfew in the population census.. Get to know them
Today at 4:51 am by Rocky
» Kurdish investment trend in central and southern Iraq.. What are the reasons?
Today at 4:50 am by Rocky
» Iraq exports more than 6 million barrels of oil to America in a month
Today at 4:49 am by Rocky
» The Private Banks Association supports the Prime Minister’s directives to localize private sector em
Today at 4:47 am by Rocky
» Parliamentary confirmation to support financial oversight in combating corruption
Today at 4:46 am by Rocky
» Next Sunday.. Celebrating Baghdad Day
Today at 4:44 am by Rocky
» Sayyid Sistani's commandments
Today at 4:43 am by Rocky
» New services for health insurance subscribers
Today at 4:42 am by Rocky
» Al-Sudani directs ministries to leave (cash)
Today at 4:41 am by Rocky
» Mr. Sistani sets a roadmap for Iraq’s prosperity
Today at 4:40 am by Rocky
» OPEC+ postpones production increase
Today at 4:37 am by Rocky
» Government Advisor to {Sabah}: Turkish companies’ expertise has given them importance in implementin
Today at 4:36 am by Rocky
» The future of smart cities in Iraq is on the table for discussion
Today at 4:35 am by Rocky
» Expectations of achieving agricultural self-sufficiency within 3-5 years
Today at 4:34 am by Rocky
» Ministry of Agriculture: Launches the Electronic Inquiry System Service
Today at 4:32 am by Rocky
» Electricity contract employees demonstrate in Maysan to demand permanent employment
Today at 4:31 am by Rocky
» The Council of Ministers holds its regular session headed by Al-Sudani
Today at 4:29 am by Rocky
» Iraqi oil exports to America amounted to more than 6 million barrels during the past month
Today at 4:28 am by Rocky
» Launching the major national campaign to raise awareness of the Social Security Law
Today at 4:27 am by Rocky
» Private Banks Association: We support the Prime Minister’s directives to localize private sector emp
Today at 4:26 am by Rocky
» Parliamentary Committee: The Social Security Fund has become sovereign and the legislation of the la
Today at 4:25 am by Rocky
» Britain launches programme inside Iraq to combat 'Kurdish human trafficking gangs' in France
Today at 4:23 am by Rocky
» Warnings of delay in forming the regional government: will push regional and international parties t
Today at 4:21 am by Rocky
» Dollar prices rise again in Baghdad Stock Exchange and Exchanges
Today at 4:20 am by Rocky
» Al-Sudani praises the assistance provided by the United Nations mission to Iraq in facing challenges
Today at 4:18 am by Rocky
» The Private Banks Association announces its support for Al-Sudani’s approach to localizing private s
Today at 4:17 am by Rocky
» Interior: We have achieved a very significant decrease in crime rates across the country
Today at 4:16 am by Rocky
» The Private Banks Association announces its support for Al-Sudani’s approach to localizing private s
Today at 4:14 am by Rocky
» Iraq, Saudi Arabia sign MoU for military cooperation, boost bilateral ties
Today at 4:12 am by Rocky
» Transportation: Direct flights to 4 global cities
Today at 4:11 am by Rocky
» Prime Minister stresses importance of Mr. Sistani's diagnosis of Iraq's needs
Today at 4:09 am by Rocky
» “To enhance national security”.. Parliamentary Committee: Intelligence Service Law is ready to be pr
Today at 4:08 am by Rocky
» Optimism for a bountiful agricultural season.. Kurdistan Region records record high rainfall amounts
Today at 4:06 am by Rocky
» Al-Sistani’s “Seven Commandments” occupy Iraqi politics.. A reading of the position of the authority
Today at 4:05 am by Rocky
» As the date approaches, will Article 140 hinder the population census?
Today at 4:04 am by Rocky
» Prime Minister directs unification of efforts in the Iraqi Media Network
Today at 4:03 am by Rocky
» “Framework” coups with Sunni facades on the map of local governments in preparation for the 2025 ele
Today at 4:02 am by Rocky
» Parliament intends to extend the legislative session for a month
Today at 4:01 am by Rocky
» Difficult tests facing Parliament.. What are the scenarios for the remainder of the current session?
Today at 4:00 am by Rocky
» Parliamentary Security: Iran will launch a new strike against “Israel” within a short period.. What
Today at 3:59 am by Rocky
» Barzani to Romanowski: We have started negotiations to form the tenth government and no veto on any
Today at 3:58 am by Rocky
» Al-Sudani directs the localization of private sector salaries and sets a date for the departure of c
Today at 3:57 am by Rocky
» Bakhtiar Haji meets a delegation from the General Directorate of Civil Defense in the Kurdistan Regi
Today at 3:56 am by Rocky
» New Cities Authority sets timeframes for project completion, reveals details of its services
Today at 3:54 am by Rocky
» Oil announces completion of drilling and rehabilitating 15 wells during the past month
Today at 3:53 am by Rocky
» Ministerial Council for Economy: Taking the necessary measures and decisions that contribute to mark
Today at 3:52 am by Rocky
» Parliamentary Legal: There is a trend to extend the legislative term of Parliament
Today at 3:50 am by Rocky
» What is the truth about extending the legislative term of the House of Representatives?
Today at 3:48 am by Rocky
» The "Freedom of Demonstration" Law is Ready for Voting.. How Was It Amended?
Today at 3:46 am by Rocky
» Mr. Al-Sadr on the US elections: It is shameful for an Arab to pin his hopes on a senile or insane p
Today at 3:42 am by Rocky
» Laws stuck hostage to disputes between blocs
Today at 3:41 am by Rocky
» Doubts after the decline in power supply at the beginning of each month.. Is there a deal between ge
Today at 3:37 am by Rocky
» Integrity and the Financial Supervision Bureau agree to activate the cooperation agreement between t
Yesterday at 5:06 am by Rocky
» Al-Mashhadani faces 170 suspended laws.. Will they be approved or deported?
Yesterday at 5:04 am by Rocky
» Parliamentary demands to cancel the security agreement with Washington
Yesterday at 5:02 am by Rocky
» MP: Oil derivatives smuggling has decreased by 80% in Iraq
Yesterday at 5:00 am by Rocky
» After years of controversy, the Minority Protection Act is submitted for the first reading
Yesterday at 4:59 am by Rocky
» Al-Sayhoud: The ministerial reshuffle is useless for several reasons
Yesterday at 4:58 am by Rocky
» Iraqi government makes changes to the General Secretariat: Al-Juhaishi succeeds Al-Halbousi
Yesterday at 4:56 am by Rocky
» Extension of the legislative term of the Iraqi parliament for an additional month to pass laws
Yesterday at 4:55 am by Rocky
» Prime Minister: The necessity of strengthening Iraq's position to be at the forefront of the region'
Yesterday at 4:52 am by Rocky
» Parliamentary Transportation: We are determined to pass the Civil Aviation Authority Law
Yesterday at 4:50 am by Rocky
» Baghdad Council: Study of the reality of companies applying to implement projects
Yesterday at 4:49 am by Rocky
» Water Resources announces its control over the oil slick in the Tigris River
Yesterday at 4:48 am by Rocky
» Reconstruction: A new government vision for distributing serviced lands among those entitled to them
Yesterday at 4:47 am by Rocky
» Parliamentary Immigration Committee demands increasing the amount of the return grant
Yesterday at 4:44 am by Rocky
» Accreditation of specialized graduates to support quality control
Yesterday at 4:42 am by Rocky
» Heritage markets and buildings in Mosul after its reconstruction
Yesterday at 4:41 am by Rocky
» Specialized committee to ensure acceptance of cybersecurity outputs
Yesterday at 4:40 am by Rocky
» The Ministry of Interior issues mechanisms to regulate the work of private security companies
Yesterday at 4:39 am by Rocky
» Baghdad Council: Study of the reality of companies applying to implement projects
Yesterday at 4:38 am by Rocky
» Welcome to the trends of establishing an administrative capital
Yesterday at 4:36 am by Rocky
» Securities trade more than 88 billion shares
Yesterday at 4:34 am by Rocky