The Ministerial Council discusses maximizing non-oil revenues and supporting the general budget.
The Ministerial Council for the Economy discussed, on Monday, proposals to maximize non-oil revenues and explore ways to support the state’s general budget, in addition to establishing a commercial zone for agricultural products and agricultural supplies to support agriculture and farmers. The media office of the Ministerial Council for the Economy stated in a statement that “Deputy Prime Minister and Minister of Planning Mohammed Tamim chaired the 30th session of the Ministerial Council for the Economy, which was held in the Council building in the presence of the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the Undersecretary of the Ministry of Oil, the Deputy Chairman of the National Investment Commission, and the Prime Minister’s advisors for economic and legal affairs.”
The statement added, “The Council hosted the Minister of Water Resources to discuss the state of the water sector, as well as the water plan for the 2025-2026 winter agricultural season. The Council also discussed with the Minister of Water Resources the Ministry’s proposals to maximize non-oil revenues and explore ways to support the state’s general budget by maximizing the Ministry’s revenues.”
The statement continued, “The Council discussed the Ministry of Commerce’s proposal to establish a commercial zone dedicated to agricultural products and agricultural supplies, which would serve as a marketing and surplus export center to support agriculture and farmers.”
The statement also stated that “the Council decided to support this step in order to encourage farmers to export their products outside Iraq and achieve financial returns that contribute to the national product.”
He noted that “the Council hosted the head of the Iraqi Contractors Union to discuss the state of the contracting sector and service projects, as well as contractors’ dues for completed or under-construction projects. The Council decided to continue supporting this important sector and paying contractors’ dues after determining the completion rates of these projects, in order to ensure the continuity of work and prevent any interruption in work to improve the level of services provided to citizens.”
The statement concluded by saying, “The Council decided that the General Directorate of Industrial Development would grant establishment licenses to establish the new operation to produce prime coat, asphalt, and industrial solvents, in accordance with Industrial Investment Law No. 20 of 1998, provided that the raw materials are supplied according to what is available at the Ministry of Oil.”
Burathanews.com