A government source for «Economy News»: the budget of 2018 includes the imposition of new taxes to get a trillion dinars

by **RamblerNash** Sat Sep 23, 2017 12:58 am

A government source for «Economy News»: the budget of 2018 includes the imposition of new taxes to get a trillion dinars

09/22/2017

Economy News Baghdad:

The Iraqi government announced that it will impose additional taxes on a number of products in the budget for the year 2018 to get a trillion dinars, indicating that every five employees are retired will replace one employee, saving 600 billion dinars.

A source in the Iraqi government, "the economy News", that "in the budget of 2018, the government will prepare measures to reduce the initial non-oil deficit on the basis of the accrual of 2.3 trillion Iraqi dinars compared to the draft supplementary budget for 2017."

"The 2018 budget includes relatively low or fixed taxes on a few additional products or services in addition to taxes already levied in the 2017 supplementary budget, with the aim of increasing direct taxes by 1 trillion dinars in 2018," he said.

He pointed out that "the budget program to ensure the establishment of a maximum allowance for allowances and additional work allocations does not exceed 350 thousand dinars for all civil servants, which achieves an abundance of 500 billion dinars."

He pointed out that "every five employees are assigned to retire will replace one employee, saving 600 billion dinars."

http://economy-news.net/content.php?id=9087