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In order to reduce the budget to invest productive sectors and assets of non-financial deficit
2/16/2015 0:00
BAGHDAD Mustafa al-Hashemi
Is to maximize the financial revenues of the country of non-oil sectors important thing to reduce the deficit ratio and achieve revenue enters in the end in the budget account, and Iraq has a number of resources but they need to properly manage and exploit are Omthel.olal most prominent of these resources, taxes and non-financial assets that can be sold by the state to the public through the public sector institutions and periodically review and filtering of non-financial assets, which include the sale of the buildings, machinery, transport, furniture and such, those institutions but is working to find additional revenue for the intervention in the general budget account. In this regard, the economic academic said Dr. Majid Baidhani: that there is a growing increase in the proceeds of non-financial assets and revenues, but it is still limited when compared to the extent of their contribution to overall revenues. He said there are statistical indicate that the minimum proceeds from the sale of assets in 2003 amounted to a total of 276 million dinars rose gradually to reach 56 billion dinars in 2008. Adding that this form of revenue achieved a rate of contribution amounted to 0, 07palmih of total public revenue for the same year. Baidhani and pointed out that the sale
Treasury remittances contribute to the achievement of the sizeable revenue for the budget as reported Statistics as it posted revenues of over 4 billion and trillion dinars in 2008.
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2/16/2015 0:00
BAGHDAD Mustafa al-Hashemi
Is to maximize the financial revenues of the country of non-oil sectors important thing to reduce the deficit ratio and achieve revenue enters in the end in the budget account, and Iraq has a number of resources but they need to properly manage and exploit are Omthel.olal most prominent of these resources, taxes and non-financial assets that can be sold by the state to the public through the public sector institutions and periodically review and filtering of non-financial assets, which include the sale of the buildings, machinery, transport, furniture and such, those institutions but is working to find additional revenue for the intervention in the general budget account. In this regard, the economic academic said Dr. Majid Baidhani: that there is a growing increase in the proceeds of non-financial assets and revenues, but it is still limited when compared to the extent of their contribution to overall revenues. He said there are statistical indicate that the minimum proceeds from the sale of assets in 2003 amounted to a total of 276 million dinars rose gradually to reach 56 billion dinars in 2008. Adding that this form of revenue achieved a rate of contribution amounted to 0, 07palmih of total public revenue for the same year. Baidhani and pointed out that the sale
Treasury remittances contribute to the achievement of the sizeable revenue for the budget as reported Statistics as it posted revenues of over 4 billion and trillion dinars in 2008.
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