Wednesday, April 6, 2011

Expected to enhance customs revenue income

Revealed the body of the Iraqi customs that income generated from fees imposed on goods coming into the country through land and sea ports and airports during 2010 exceeded 478 billion Iraqi dinars, equivalent to more than U.S. $ 420 million.

The Director General of this body Nofal Salim Hamid told Radio Free Iraq that the ambitious "tends to double the amount of the above through the development of work in all the joints and formations of the Commission at the human, logistical and so as to ensure speed and accuracy of completion of customs formalities, taking into account to find the largest possible degree of transparency and pressure to reduce cases of financial and administrative corruption. "

Some Iraqi economists believed possible to achieve the customs authority amounts much greater than those achieved last year, if made available the opportunity to apply tariff law is new and was planned to stimulate the beginning of March last only as experienced by the Iraqi street protests from poverty, unemployment and the deterioration of services since February 25, 2011 prevented the activation.

In this regard, "said economic expert, Abdul Sattar al-Bayati said," can customs revenue to compete with revenues of the oil sector, which is very important for a country like Iraq, which still depends, at least 90% of the provision for balanced public resources accruing from the sale of crude oil. "

But economist Alaa short questioned the accuracy of revenue figures declared to the Customs Authority of Iraq in 2010, noting that "the free zone in Jebel Ali, United Arab Emirates, for example, with what has the resources and the potential is very large, did not reach annual revenues yet to achieve the amount of 420 million U.S. dollars. " He expressed the belief that the recent statements about the size of revenue that could be described as "for media consumption," according to his opinion.

http://www.iraqhurr.org/content/article/3549036.html

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