Economy News – Baghdad
Jamal Koger, a member of the Parliamentary Finance Committee, has emphasized that “revenue collection is a fundamental resource for the state across all nations, yet Iraq’s capacity for collection remains notably insufficient.” He advocates for the development of a comprehensive governmental strategy aimed at enhancing revenue collection and exploring innovative alternatives to outdated methods.
Koger outlined several crucial considerations for this initiative: first, establishing a definitive governmental program focused on total revenue collection; second, seeking alternatives to conventional mechanisms; third, offering incentives to both collectors and taxpayers; and lastly, he posited that privatization could serve as a viable solution for optimizing revenue collection.
He further elaborated that “the implementation of privatization could assist the government in two significant areas: firstly, by alleviating the burden tied to public employment, and secondly, by lowering operational costs.” He stressed that “if these methods are practically applied, they could yield a substantial positive return.”
On the potential revenue that may arise from these reforms, Koger stated, “The outcome is contingent upon the strategies the government will adopt.”
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