The performance of the Ministry of Finance reviewed under the dome of the People’s Assembly

Damascus (ST): The People’s Assembly, in its sixteenth session of the sixth regular session of the third legislative term, which was held yesterday under the chairmanship of Hammouda Sabbagh, Speaker of the Assembly, discussed the performance of the Ministry of Finance and issues related to its work.

The Minister of Finance, Dr. Kinan Yaghi, confirmed that the ministry published the communication on the state’s general budget for the year 2023 a few days ago and will begin next month its discussion with the Planning and International Cooperation Authority to prepare the draft budget, in its administrative and private investment aspects, next year, in which a new paragraph was added not to allow transfers of special appropriations, (Social Security share).

Minister Yaghi pointed out that the budget implementation rate for 2021 amounted to 89 percent, which is the highest rate of budget execution in the history of the ministry, especially with regard to investment projects, indicating that the state’s public revenues rose during the first quarter of this year to 91 percent compared to the same period last year and reached 630 billion Syrian pounds.

The ministry is working to modernize the tax system within two axes, one of which is emergency to amend the current system. It is also coordinating with the Ministry of Internal Trade and Consumer Protection to prepare the billing system, according to what was confirmed by the Minister of Finance, indicating that the total turnover of tax evaders on which the tax was not paid in the year 2021 amounted to 3200 billion Syrian pounds, and about $100 million, and these have submitted acknowledgments of their evasion and asked the Ministry to regularize their status.

K.Q.