Chairman of the Finance Committee: Charting a new path to manage the financial situation in Iraq
Mawazine News – Baghdad
The head of the Finance Committee in the House of Representatives, Atwan Al-Atwani, confirmed on Wednesday that the committee has made its top priority to chart a new path to manage the financial situation in the country, by enhancing non-oil revenues.
A statement from the Finance Committee, received by Mawazin News, stated that Al-Atwani, accompanied by the delegation currently visiting the United Kingdom, met with the Lord Baroness of De Souse and the Director of the Oversight Unit in the British House of Commons, separately, in the presence of specialists from the International Partners Foundation.
The statement pointed out that the meetings dealt with the prospects of cooperation between the Finance Committee in the Iraqi Council of Representatives and the competent committees in the British House of Commons, with the aim of exchanging experiences in legislative and regulatory work to serve common interests.
Al-Attani, after being briefed on the structure
of the British House of Commons and the House of Lords, explained that the Iraqi Council of Representatives needs to develop permanent specialized formations of experts to chart the course of legislative work, and complete the requirements of passing laws in a way that achieves the supreme interests of the country and is in line with development plans.
He stressed that strengthening the legislative authority with specialized formations will contribute to the maturation of laws and determining the actual need for legislation, away from personal jurisprudence.
Al-Atwani also stressed the need to reduce dependence on oil as a major source of revenue, pointing out that Iraq has other financial resources that can form basic pillars of the budget, such as customs, taxes, investment of state assets, the telecommunications sector, and other government services.
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