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Confirms parliamentary increase non-oil revenue to 15% in the budget of 2016

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Confirms parliamentary increase non-oil revenue to 15% in the budget of 2016


11/9/15

BAGHDAD / Zahraa Hamid

He confirmed a member of the Economic Commission representative, on Sunday, that the non-oil revenues ratio increased from 5% in previous years to 15% in the project next year's budget law in 2016, usually that is a "good development although it is still far from ambitious," in when he saw an economic advisor to the prime minister, that the problem of the lack of those revenues lies in the weakness of the tax departments and other areas of the collection and the need to develop, revealing directed the government to implement the "uniform of custom fence" in the coming months.

She said a member of the Economic Committee Najiba Najib, in an interview to the (long-Presse), "The non-oil revenues ranging from eight to ten percent of the overall revenues achieved in the current 2015," indicating that they do so "be higher than achieved during the previous years where they constitute what accounted for only five percent.
"Najib added that" guesses non-oil revenues increased in the budget in 2016 to 15% ", usually that" it is a good development achieved after the formation of multiple committees at the level of the Council of Ministers and the use of internal and external expertise, albeit what still far from ambitious.
"Najib added that these" committees discussed the issue of taxes and tax collection own wages water and electricity, and we await the results of its work and whether the revenue will amount to conjecture ratio in the budget law or not.
"She stressed Najib that these" committees diagnosed the problems and put processors necessary, to reach the desired goal and an increase in non-oil revenues, "pointing out that there is" a significant imbalance in the tax collection impact on public revenues and customs.
"In turn, the economic advisor to the prime minister appearance of Mohammed Saleh, said in an interview to the (long-Presse) , "The non-oil revenues in the budget of the current 2015 law was not clear image of what did not provide the final accounts constitutionally in March next 2016," noting that "the non-oil revenues, which have guessed about 14 trillion dinars, accounting for 16 percent of overall revenues in the project 2016 budget law.
"Saleh added that" the problem of the lack of non-oil revenues lies in the weakness of the tax departments and other areas of the collection and its need for development, "noting that" the laws impose the existence of tax income to both is the old work and exercise an economic activity generates income or owns fortune " .
Adviser Abadi said that "more than forty percent of citizens outside the tax base is due to the weakness of tax settling accounts system," pointing out that there are "indirect taxes, such as customs tariff, and the sales tax on mobile phones, cars and other, applied starting in August 2015 only .
"Saleh continued," The new tariff for Customs applied for the first time in August 2015 but the customs law is still stalled, and even if the application must be in accordance with the fence of custom one, because there are tax systems of several in Iraq is a big mistake and a danger to politics Finance, "revealing" the existence of a trend in the state to apply fence uniform of custom over the coming months.
"The Ministry of Finance announced in (the 15th of September 2015), the provision of financial draft budget for the year coming in 2016, the Council of Ministers, saying that the formulation has about lowering expenses Public struggling waste in state revenues and ensures diversify sources of national income, in approved by the Council of Ministers, (the 19th of October the past), of which 113 trillion dinars, and a deficit of 30 trillion dinars.
It is noteworthy that the Iraqi economy depends almost almost entirely on oil revenues that exceed increase of the 95 percent of public revenues, making him subject to fluctuations in world oil prices.

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