The authorities sales series branch at Rafidain financial institution introduced nowadays, Sunday, an exceptional boom in electronic series settlements for government departments’ bills all through 2024. The department showed the growing tempo of collections through digital payment organizations, reflecting the tremendous improvement in adopting digital structures in government revenue control.
in line with records issued through Rafidain bank, a copy of which turned into acquired by means of {dinaropinions.com}, the entire amounts gathered throughout 2024 amounted to more than 6.06 trillion Iraqi dinars, recording a non-stop boom compared to the first months of the yr. September 2024 witnessed the best boom rate, as general settlements reached 838.five billion dinars, an growth of eleven.12% compared to the preceding month.
Rafidain bank delivered, “At the beginning of 2025, the gadget continued its robust performance, with total collections in January 2025 accomplishing approximately IQD 707.5 billion, observed by using February with IQD 689.2 billion. government departments additionally recorded a considerable boom inside the activation of the electronic series device, with the quantity of activated entities rising to one,808 by way of February 2025, in comparison to 1,395 in December 2024.”
He emphasized that “this full-size boom reflects the success of the country’s efforts to promote virtual transformation, lessen reliance on cash, and reap higher ranges of transparency and economic performance. He additionally emphasized that the digital tax collection device represents a essential pillar in improving collection mechanisms and reducing the threat of financial corruption.”
Rafidain bank concluded, “This qualitative jump comes in the framework of the continuing efforts led via Rafidain financial institution, in cooperation with authorities businesses, to guide the virtual economy, decorate confidence in digital economic transactions, and raise the performance of the financial region in Iraq.”
