Deputy: Curbing corruption at the crossings will increase their contribution to the budget by 10%
Deputy: Curbing corruption at the crossings will increase their contribution to the budget by 10%
10-26-2023
Information / Baghdad
Member of the Parliamentary Finance Committee, Mudar Al-Karawi, confirmed on Thursday that curbing corruption at border crossings will raise the percentage of their revenues in the state budget to at least 10%.
Al-Karawi said in an interview with Al-Maalouma, “Rapid changes in the world of energy make reliance on oil as a primary resource for the Iraqi treasury carrying with it three risks, the most prominent of which are price fluctuations and their direct impact on the government’s obligations to secure salaries and other benefits, which requires reconsidering the diversification of revenues.” “.
He added, “Border crossings are a huge financial resource, but the emergence and widespread penetration of corruption has contributed to reducing revenues at high rates, even though the crossings can become an important factor in securing a portion of the country’s general budget revenues.”
He pointed out that “if corruption at the crossings were curbed with the adoption of government frameworks in the calendar of what is imported, the revenues from the crossings could reach 10% of the country’s budget, which would give high flexibility in facing any fluctuations in crude oil prices.”
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