Since 08/19/2017 19:23 am (Baghdad time)
Follow-up to the balance of News
Economic Advisor to the Prime Minister called for the appearance of Mohammed Saleh should adopt practical steps starting from the next fiscal year is to create an account as "compensation of public debt fund", shall be deposited in which "any increase resulting from oil prices above the target in the budget rate, to be used to cover any external debt or it was internal. "
Salih stressed that the burden of war on the organization of Daesh and the burden of reconstruction and development of all parts of Iraq requires inevitably a financial program that militants serve channeling financial resources towards stability and development and to address aspects of waste, denying the existence of the conditions of the International Monetary Fund on Iraq, in exchange for borrowing steps, but commitments are compatible with government reforms, and revealing at the same time for the issuance of Iraq's external support on behalf of the (Euphrates) months after the issuance of another bond on behalf of the (Tigris).
He said in an interview with "Culture" and I followed / scales News / that "there are practical steps that must be adopted starting from the fiscal year 2018 the first" set up an account on behalf of the public debt compensation fund. "
He explained, "deposit in which any increase resulting from improved oil prices above the target in the federal budget rate is used to compensate for any internal debt or external planned during the fiscal year, or extinguish previous debts, as the case that the commitment at current prices estimated in the supplementary budget for the year 2017 amounting to 44, $ 4 per barrel of oil exported during the period 2018-2020. "
He stressed that "receives compensation expense of public debt fund capitalism revenue from the sale of land and property and state revenue and manufacturing promise from aspects of the financing account of this fund."
In the second steps in favor, he said, "we must adopt and expand the outsourcing system at the level of customs" and by contracting with international companies to ensure sober examination, collection and customs clearance efficiency, including maximizing the resources of the sovereign state. "
He noted that "leads to Enkhad the cost of imports and eliminate corruption systemic and others as well as to maximize public resources, as well as the adoption of the outsourcing system, the tax system units small in charge of granting licenses to companies civil outstandingly to open the collection of a tax that ports depends broken tax system."
And other Salih stressed the importance of "the expansion of the system of partnership with the private sector in the distribution of electric power to be the financial year 2018 is the starting point for coverage of all regions of the country. And the inclusion in the provisions of the 2018 budget law."
He stressed "the necessity of legislation sales tax law calculates the tax on the final value of the service to take financial decisions and regulations progressive in order to avoid the complexity of the tax system for sales tax. If exempted, for example, food, construction materials and other in the first phase."
And encouraged to improve the collection of management fees (non-sovereign) and wages approved in accordance with Article 24 of the Federal Budget Law for the year 2017 on the system that my account is clear and transparent arise showing movements of income and expenditure and aspects of the exchange of the spending units all provide the Ministry of Finance the movement of the account and its assets per month.
The student adviser Abadi developed a fuel subsidy system and limited to the consuming classes poor through social welfare programs. Noting the need to hold the state-owned enterprises produced and marketed a fuel system for cost accounting shows the actual production costs and to avoid appearances (free ride) in the collection of non-profit real result is unrealistic pricing of crude oil refined and marketed internally.
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