A deputy calls on the government to follow up on sources of non-oil revenue: it saves a lot of money
A deputy calls on the government to follow up on sources of non-oil revenue: it saves a lot of money
11/22/2020 14:55
[Baghdad-Where]
The head of the National Approach bloc, Ammar Tohme, called on Sunday for the government to follow up on non-oil revenue sources, while stressing that it provides ample money to the state treasury and pays most of the employees’ salaries.
In a press conference, Tohme said, “With the severity of the financial crisis intensifying and its effects on the national economy exacerbating to the point that threatens the salaries of employees, we stress the importance of following up on sources of non-oil revenues that can provide large amounts of money to the public treasury and from only one resource.”
He added, “The government must follow the following procedures: –
1. The need for public opinion and the supervisory authorities to inform all their categories about the standards and controls approved by the Central Bank in classifying banks, which resulted in determining the percentage of dollar sales in the currency auction to those banks, and knowing the value and importance of Each criterion of the percentage of the overall evaluation in order to verify the realism of the eligibility of these banks, their developmental effectiveness and their contribution to moving the national economic activity, and not just a parasitic medium that drains hard currency as unjustified profits and without productive work for the state
2. The necessity of re-working the detailed bulletin of the Central Bank that mentions the amount of sums sold the dollar for each bank and verify realistic activity commensurate with the purchase of these amounts of the dollar, and the bank only bulletin with a total remember the total dollar sales in the currency auction because it keeps vague and confused picture and prevents the control necessary to ensure and follow – up safety procedures.
3. the difference between the price of the dollar Sold by the bank to intermediary banks and the price of the dollar sold in the market reaches more than 4% of the total amount sold in dollars, and as the sales of b The central bank of the dollar is approximately four billion dollars a month, meaning that 4% of the amount equal to one hundred and sixty million dollars a month, profits go to intermediary banks without work or production or development activity mentioned, noting that this amount of the profits of those banks is sufficient to spend a salary of five hundred One thousand to more than (350) thousand citizens per month.
He asked, “Why go to borrow and leave these and other resources to be lost in the corridors of corruption and unjust political courtesies !?”
And he continued: “Fourth (4) that this monthly amount of dollars sold in the currency auction is (approximately four billion dollars), if we assume that what is collected from it revenues like mark and taxes of not less than 8% of its total amount, which is a very small percentage, and we calculated 75 % Of the amount of the dollar sold per month goes to import. In fact, the customs revenues and taxes collected are supposed to be no less than (240) million dollars per month, which is sufficient to pay a salary of five hundred thousand dinars to more than (550) thousand citizens per month. ”
He concluded by saying: “If only the serious will of the government and the supervisory authorities were available to follow up on this resource, which indicates the existence of many resources and double revenue that can be collected to overcome the financial crisis, to avoid borrowing and its devastating effects on the Iraqi economy.”
alliraqnews.com
