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Planning: The 2021 budget will activate revenues from taxes, outlets and productive sectors

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Planning: The 2021 budget will activate revenues from taxes, outlets and productive sectors

Unread postby admin » Fri Sep 18, 2020 7:38 am

Planning: The 2021 budget will activate revenues from taxes, outlets and productive sectors

9/18/2020 11:24

Planning - The 2021 budget will activate revenues from taxes - outlets and productive sectors

Where's News _ Baghdad

The Ministry of Planning confirmed, today, Friday, that the 2021 budget will address the problems in which previous budgets have occurred, and will focus on activating tax revenues, border crossings and other productivesectors in addition to oil revenues.
"The budget for the current year 2020 will be operational only, to secure the necessary expenditures, such as salaries for employees and retirees, on the health side, the ration card, and other necessary expenditures," said the ministry's spokesman, Abdul Zahra Al-Hindawi, to the Iraqi News Agency. It will be approved by the House of Representatives this September. "
Al-Hindawi added, "The investment side will remain dependent on the amount of revenues that will be achieved during this period," stressing that "there are quite a few stalled projects that need financial allocations to continue working in them."
He pointed out, "There is a tendency to address all the problems of previous budgets, including the delay in approving the budget, which causes delay in the implementation of investment projects, as well as finding other sources with oil to supplement the budget and develop the country's economy, and include activating the revenues of border crossings, taxes, the agricultural, tourism and industrial sectors." Alongside the private sector. "
He explained, "The government is currently seeking to approve the 2021 budget, in which oil will be the main financier of the budget in its operational and investment sides," stressing that "the government is adopting a plan to strengthen relations with brotherly countries in the field of investment, and with international organizations to benefit from the experiences of those countries in the form of oil instead of Money, and new financial methods and activating the role of other sectors

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