MP Moeen Al-Kadhimi, a member of the Parliamentary Finance Committee, demanded that the government control non-oil revenues on Saturday in order to achieve cash liquidity.
“Oil revenues constitute an important part of the imports of supplies, and these imports are supposed to reach 30 trillion dinars of budget funds to the treasury during the current year, which will provide the treasury with cash liquidity, in addition to 120 trillion dinars of oil revenues,” Al-Kadhimi said in a statement to dinaropinions.com.
“The total budget amounts to 150 trillion, which is enough to pay salaries, buy wheat, provide ration card amounts, and implement governorate projects, especially since some governorate projects are delayed this year due to the lack of cash liquidity,” he continued.
“Achieving 30 trillion in non-oil imports will not be achieved unless these revenues are controlled by all ministries, tax authorities, and border crossings,” he emphasized. The government must investigate this thoroughly and develop an automation system for all state facilities, particularly the Tax Authority.
In accordance with the constitutional mechanisms enacted by the aforementioned three-year budget law, Mazhar Muhammad Salih, the Prime Minister’s financial advisor, confirmed that the Ministry of Finance is preparing the general budget schedules for the year 2025.
