An economist reveals a “waste” of $ 700 million in customs within three months
An economist reveals a “waste” of $ 700 million in customs within three months
2020-08-02
Economic expert, Manar Al-Ubaidi, saw on Sunday that the percentage of customs collected during last July decreased from June compared to the transfers of the Central Bank, revealing a “waste” of $ 700 million during the past three months.
Al-Ubaidi said in a press interview, “The percentage of customs received in July 2020 compared to the percentage of transfers of the Central Bank amounted to 1.727%, retreating from the rate of last month of 2.64%,” indicating that “the total transfers of the Central Bank amounted to $ 3.64 billion, an increase of 42% compared to June 2020.
He added that “the value of customs obtained in July decreased by 6% compared to the customs of the month of June 2020, as the value of customs collected for the month of July reached 76 billion dinars, equivalent to 63 million dollars only, while the value of customs collected for the month of June was 80 billion dinars, that is, The equivalent of 67 million dollars. ”
Al-Obaidi added, “The percentage of customs obtained during the past three months compared to the central bank transfers for imports and credits (which are equal to the value of imports for Iraq) amounted to only 2.13%.”
He pointed out that, “by adopting the customs rate in Iraq 10% (as the value of customs varies according to the type of product) and 10% can be adopted as an average of the value of customs, the value of waste in customs amounts during the three months amounted to approximately 700 million dollars, as the total customs The value of the proceeds is only $ 189 million, while the value of customs assumed based on the amounts transferred from the Central Bank amounts to $ 886 million.
burathanews.com
