Home
How likely is it to raise taxes to cover the deficit? A government advisor answers
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this image.]
+A
-A
Baghdad Today - Baghdad
Mazhar Muhammad Salih, the economic advisor to the Prime Minister, commented today, Saturday (September 7, 2024), on the possibility of the government resorting to raising tax rates in order to cover the financial deficit.
Saleh told Baghdad Today, "Taxes in their direct and indirect forms are subject to the law, but the problem in our country is tax evasion by taxpayers."
He added: "Therefore, what the state seeks in tax reform falls within the principles of the government's program to raise the contribution of non-oil revenues to become 20 percent of public revenues instead of the current dominance of oil at 90 percent of total public revenues."
Based on the above, Saleh added that “the first step taken by the current government to maximize non-oil revenues began with adopting a new approach to tax reform,” adding: “Earlier this year, the Council of Ministers approved eight new packages to reform the country’s tax system, led by the principle of expanding tax bases, especially those that are hidden, evading, or neglecting annual tax accounting. Two packages have been launched to date, and the rest of the packages will be launched sequentially and gradually within the government’s reform policy in the financial field and maximizing the state’s resources from sources of income and wealth outside the oil sector.”
Earlier today, Saturday, Al-Sudani's advisor downplayed concerns raised about a crisis in the employee salaries file due to the lack of cash liquidity in the state treasury, indicating that they are nothing more than rumours launched from time to time to raise anxiety among people.
Earlier today, Saturday, the Ministry of Finance announced that the monthly salaries of employees and workers in the public sector are being financed according to the cash liquidity available to it.
Finance Minister Taif Sami said in response to an inquiry regarding this matter, signed by her, which was viewed by Baghdad Today, that “there is no delay in disbursing salaries to all government departments, and according to the disbursement dates.”
She added, "Financing is done according to available cash liquidity."
Since September 4, 2024, global oil prices have witnessed a significant decline, with Brent crude falling below $74 per barrel.
For his part, economic expert Nabil Al-Marsoumi warned of a salary crisis affecting employees due to the drop in the price of a barrel of oil to $70, indicating that this drop has a negative impact on the national economy.
[You must be registered and logged in to see this link.]
» utube 9/16/24 MM&C Iraq Dinar Update - #xrpripple #iraqidinar - Electronic International Payments
» Details of the American role in preventing Iraq from obtaining a Russian air defense system
» MP gives details on the repercussions of the theft of the century and the leaked recording of Hanoun
» MP warns of US ambassador's moves
» Government stresses the need to develop the air transport sector in Iraq
» Al-Sudani stresses the importance of continuing the work of the Iraq Development Fund according to t
» The Central Bank announces a 15.7% decline in Iraqi exports in the first quarter of this year
» Parliamentary condition for passing the amnesty law.. Who are those covered by the fight against ter
» Al-Sudani confirms the government's intention to purchase services from investors
» In preparation for Al-Sudani's visit... Formation of a high committee in Diyala - Urgent
» The first customs point after the "yellow" between the region and the federation in Diyala
» Misfortunes never come singly.. 15% tax on Facebook in Iraq
» After being almost free... the increase in government transaction fees angers citizens
» Private Banks Association: The number of electronic payment points in Iraq increased from 7 thousand
» Customs: AI to enhance risk management in imports
» Ministry of Foreign Affairs through development: It will be a safe corridor for the transport of goo
» Government plans to impose 15% tax on social media sites
» Low prices.. Parliamentary demands to open the land distribution file to officials
» Parliamentary Finance: Securing Employee Salaries for the Years 2024-2025
» 85% of foreign workers in Iraq have “no useful skills”.. This is what they earn annually
» Foreign labor!
» 100 new investment opportunities
» Expatriate workers transfer $2 billion abroad annually
» Al Sabah Finance Committee: The government has developed a plan to increase financial resources to s
» Water Supply Project in Nineveh Plain
» November.. Iraq offers 100 investment opportunities
» Tips to avoid electronic theft
» Trends towards establishing digital banks
» Al-Sudani chairs the regular meeting of the Board of Directors of the Iraq Development Fund
» Investment Authority: Egyptian companies wish to partner in implementing the development road
» Cryptocurrencies suffer losses of more than 2%
» Slight decrease in dollar exchange rates in Baghdad, Basra and Erbil
» Minister of Electricity to Nina: We have maintained the system without any outage and we will adopt
» American report monitors Turkish-Iranian competition in Iraq
» “Interrogation” is almost absent from the fifth session of Parliament.. The absence of the “Presiden
» After Pezeshkian's visit... Will Iraq help isolated Iran lead a new regional alliance?
» Al-Sudani: Continuing the policy of appointment in the government sector is something the state cann
» After 21 years of change.. Challenges and complications threaten Iraq's democracy
» Severe imprisonment for the director of the customs center at Al-Shaib border crossing in Maysan for
» Planning: The numbering and inventory process will continue until the end of next month
» Baghdad Operations talks about the entry of building materials into the regions
» Basra employees demand salary scale adjustment and threaten to close city entrances and exits
» On the International Day of Democracy, UNESCO sends a message to Iraq
» This is what happened between Al-Sudani and Al-Sadr
» Parliamentary Finance Committee: Employees’ salaries are secured for this year and next year even if
» Parliament awaits a session full of disputes after the inclusion of three controversial laws
» Who is responsible for the entry of building materials into agricultural and residential areas?
» Tax on "social media" to secure funds.. Parliamentary Finance Committee reveals the number of months
» 85% of foreign workers in Iraq have “no useful skills”...and they steal more than $2 billion annuall
» What is the fate of the development road project?
» List of dollar exchange rates in Iraq
» Investigation into the file of renting the Baghdad Airport garage.. Its rental value is not commensu
» shots fired around Trumps golf course while he was playing golf about 2:15 cst today 9/15/24 accordi
» utube 9/12/24 MM&C Iraqi Dinar-#iraqdinar-#xrp-Baghdad-Kurdistan-Historical Meetings-Global Attent
» Government Advisor: E-Governance Application Contributed to Protecting Public Money and Reducing Cor
» At the forefront of which is the Minister of Oil...the wheel of interrogations in Parliament returns
» Iraq and UNAMI discuss mechanisms for implementing Security Council Resolution 2732
» Mr. Al-Hakim: Agriculture can make us independent of oil and reduce dependence on the rentier state
» Algeria establishes a foothold in Iraq's electricity sector
» Ministerial amendments and strengthening the reform program: Al-Sudani’s steps to confront crises
» Economist: The free mass is estimated at 70 trillion dinars and can be invested electronically
» Electricity announces that all its stations will be put under maintenance
» Iraq exports more than two million tons of oil derivatives in 3 months
» Chairman of the Private Banks Association: We have registered more than 13 million accounts and we s
» Government Advisor: These are ways to enhance the great development in the digital payments system i
» Economic Center Calls on the Government to Restructure Airlines and Separate Them from Transportatio
» Al-Sudani: The quadripartite agreement between Iraq, Türkiye, Qatar and the Emirates constitutes the
» Real Estate Bank terminates the assignment of its main branch manager upon his request
» Iraq's oil exports to America rose last week
» Jordan's imports of Iraqi oil decreased by (42%)
» Revealing the most important files that were resolved by the federal government delegation during it
» Tensions are over and goods will be available.. A Kurdish economic view of Pezeshkian’s visit to Erb
» MP: Al-Sudani bears responsibility for obstructing the laws that he withdrew from Parliament
» Al-Sudani snatches the "stay" card from the angry "framework"... and the dispute between them intens
» Al-Sudani: The Iraqi state cannot continue its policy of appointment in the government sector
» Delaying salaries.. Warnings of a “crisis” after two months and the government reassures
» Investment Authority: Opportunities to be presented at the Iraq Forum have completed sectoral approv
» Agriculture clarifies controls on the movement of poultry and its products between governorates
» Religious scholars in Kurdistan: Passing the amendment to the Iraqi Personal Status Law will have ba
» Al-Saabari: Amending the Personal Status Law has become a popular demand
» Baghdad-Ankara Military Agreement... The Terms Go Beyond the Limits!
» Association of Banks: Financial inclusion in Iraq increased by 48.5% during the current year
» Arab Monetary Fund: We are working with Iraq to build national financial strategies
» Prime Minister: We have developed a government program that addresses the real concerns of citizens
» Al-Alaq: 70 digital banks have applied to the Central Bank for a license
» Highlights of Al-Sudani's meeting with Basra dignitaries and farmers
» Al-Sudani: The path of development will transform Iraq into an open country
» Halbousi angry about equipping the Peshmerga with artillery
» Iraq prepares for the upcoming Arab summit
» Iraq imports fruits and vegetables worth $35 million
» Economic Center Calls on the Government to Restructure and Separate Iraqi Airways from the Ministry
» Alsumaria Newsletter: Controversy over laws, deterioration of Baghdad services, and changes in the R
» Oil Minister suffers health problems in the United States
» New York Times: Iraq may receive an Israeli strike... and Baghdad has abandoned its balance
» The dollar continues to rise.. Learn about the exchange rates in the Iraqi markets
» 1000 signatures on the table of 4 parliamentary committees to amend the “Access to Information Law”
» “Money for survival”: Al-Saihoud: Al-Sudani prevented the economics of the parties, so they turned a
» Iraqi banks are in crisis: structural imbalance, double taxation and deep corruption