Minister of Finance: The money stolen from Iraq is sufficient to build several countries

by **RamblerNash** Tue Oct 06, 2020 5:08 am

Sunday 04, October 2020 20:13

Baghdad / NINA / Finance Minister Ali Allawi announced that the economic reform paper that will be presented soon includes the activation of the partnership law between the public and private sectors, explaining: "250 billion dollars have been stolen from Iraq since 2003."

Allawi said, in a seminar organized at the headquarters of the guest house in the Green Zone: "My vision includes making the private sector the main and pivotal engine in the economy," adding: "The compass of the Iraqi economy must change towards free work and not dependence on work in the government sector."

He stressed: "The private sector should benefit from the Iraqi market, as well as the Arab and international markets," explaining: "The management of state resources must be in partnership with the private sector gradually, because the public sector currently provides very weak services."

He noted: "The agriculture sector in Iraq is supported by the state $ 6 trillion dinars, pointing out:" The tax sector in Iraq is very weak, and the citizen has the right that he does not pay taxes in exchange for poor services provided by a public sector. "

He noted:" The Iraq's revenues from border crossings are less than 1% due to the large exceptions and exemptions granted.

”The minister explained:“ The main decisions that affect the economy are mostly politicized, and have begun to increase and not decrease, and this issue has been inherited since 2003, and most of these decisions are related to economic relations. To the parties with the parties that can help them. ”And

between:“ 250 billion dollars have been stolen from Iraq since 2003 until now, and this amount is building up for several countries. ” It led to a decline in the state's capabilities. "

He pointed out: "Iraq imports electricity and gas from Iran annually at an amount of 4 trillion dinars, but the Ministry of Electricity is unable to pay these money from the collection," explaining that 30% of Iraq's imports pass through the northern outlets and tax revenues are not subject to the center's control. Finished 8

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