The Minister of Finance sets priorities for the White Paper: Reform of Financial Management Systems

2021/08/18 15:17

  • number of readings 31
  • Section : Iraq

Baghdad / Obelisk: On Wednesday, August 18, 2021, Minister of Finance Ali Abdul-Amir Allawi set the priorities of the white paper, pointing out the importance of raising the indicators of non-oil revenues.

In a statement received by the Obelisk, the media office of the Ministry of Finance said, “Minister Ali Abdul Amir Allawi chaired the meeting of the eighteenth session of the committee for preparing the state’s general federal budget strategy for the medium term 2022-2024, in the presence of the head of the General Authority for Monitoring the allocations of the Federal Ministries, the Undersecretary of the Ministry and Advisor to the Prime Minister The Ministry’s advisor and a number of general managers in the ministry and related ministries.

According to the statement, “Allawi discussed the proposed amendments to the side of oil and non-oil revenues, and the follow-up to the ministerial performance steps aimed at raising and maximizing the indicators of non-oil revenues against oil revenues in a way that works to reduce the deficit gap in future budget projects and stay at safe spending levels.” 

The session also discussed the economic report submitted by the economic department in the ministry on the principles of the budget strategy for the years 2022-2024, which includes reform visions represented in the adoption of supporting elements to revitalize the economic reality. 

The Minister of Finance stressed that one of the priorities of the white paper is the reform of financial management systems.

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