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Wednesday, May 14, 2025
31.1 C
Baghdad

Iraq Sees Significant Increase in Border Revenue Collection

The Border Ports Authority has announced a major boost in revenue collection, reaching 600 billion dinars in the first three months of 2025. This marks a significant increase compared to previous years, as the government continues its push to enhance non-oil revenue streams.

According to a statement from the authority, revenue for March 2025 alone amounted to 214 billion dinars. This represents a 67 billion dinar increase compared to the same month in 2024, when the revenue was 147 billion dinars. The border revenue collection continues to rise due to improved coordination and enforcement measures.

The total revenue for the months of January, February, and March of 2025 reached 600 billion dinars. This is a 129 billion dinar increase from the same period in 2024, which saw 471 billion dinars. The growth reflects the government’s ongoing efforts to diversify revenue sources, particularly focusing on non-oil sectors. These improvements are in line with the Prime Minister’s directives to maximize non-oil revenues.

A key factor contributing to this success is the close coordination between the Border Ports Authority and the General Customs Authority. Their combined efforts have streamlined processes and improved efficiency at border crossings. Additionally, the Border Ports Authority has emphasized its supervisory role, which has been crucial in raising revenue levels.

The authority has also introduced performance-based evaluations for its staff at border posts. Border crossings that showed high revenue collection have been recognized and rewarded. Conversely, those with lower revenue collections faced disciplinary actions. This approach has helped incentivize high performance and ensure accountability.

The Border Ports Authority has reaffirmed its commitment to continue following government directives. Its goal is to achieve even greater success in revenue collection while combating corruption and serving the public interest. The border revenue collection efforts will remain a priority, contributing to the overall economic stability of the country.

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