MOF: the automation system will enhance the management of the financial situation

Baghdad - INA

 Ministry of Finance announced today, Thursday, the submission of a customs automation project to the Council of Ministers, which authorized the Minister of Finance to negotiate and contract with UNCTAD to automate customs work, stressing that the automation system will enhance the management of the financial situation, and develop the necessary solutions to achieve financial reform and improve the performance of financial institutions and will contribute in solving economic problems in Iraq.

 A statement issued by the Information Office of the Ministry of Finance received by the Iraqi News Agency (INA) stated, "The Ministry of Finance, in cooperation with the United Nations Conference on Trade and Development (UNCTAD), sought to implement the (ASYCUDA electronic customs data system) for the purpose of implementing automation and simplifying procedures in customs as part of its development and improving its performance that achieves rational and effective management as well as achieving financial sustainability and diversifying the economy in accordance with the principles of integrity, transparency and combating corruption, and making it one of the most important sources of support for the state treasury after oil revenues, stressing that “the ministry has started, in line with the House of Representatives’s approval of the Fiscal Deficit Financing Law that obligated the Council  Ministers on automating the customs and tax system and collecting customs duties for imported goods, submitting a customs automation project to the Council of Ministers, which authorizes the Minister of Finance to negotiate and contract with UNCTAD to automate customs work.