A 7-years High Is Recorded For Non-oil Revenues

31 July 2022 Business

According to the government, non-oil budget revenues increased by 41% last year to reach about 2.4 billion dinars, up from 1.7 billion in the fiscal year 2020-2021. This represents the highest level of revenue for 7 years as a result of diversification efforts.

The decline in oil prices and the rise in the budget deficit in recent years prompted the government to take numerous measures to increase budget revenues by increasing non-oil revenues and directing government departments on several occasions to diversify their annual revenues, which has finally achieved its objective.

This increase in non-oil revenues is attributed to a number of factors, including:

Transforming many government agencies to provide their services electronically has led to a significant increase in their revenues by following procedures for electronic collection of fees owed.

At the end of the last fiscal year 2020-2021, the total debt owed to the government amounted to about 1.7 billion dinars, an increase of 5.5% over the 1.6 billion dinars they recorded during the fiscal year 2019-2020.

A number of measures have been taken by the Ministry of Finance to collect outstanding debts, including addressing the stakeholders to pay the amounts due, stopping any transaction for those in arrears until the required dues are paid, and advising the relevant authorities (the Public Authority for Agriculture Affairs and Fisheries Revolution and the Ministry of Electricity and Water) not to complete the procedures for arrears contracts. Taking legal action against those in arrears and transferring them to the judiciary will exempt them from payment except after verifying the payment of contractual dues.

The Ministry of Health, along with other agencies such as the Ministry of Interior, announced an increase in fees for new services.

A Cabinet meeting some time ago requested all ministries and government agencies to commit themselves to enhancing their revenues to support the government's non-oil revenue increase. In addition, the Cabinet implores them to develop a vision for diversifying their revenue streams, allowing them to start implementing services that don't require legislative amendments, such as violations, fines, and transactions associated with electricity and water.

Improve the efficiency of debt collection - At the beginning of last year, the Ministry of Finance implemented a government program to improve the efficiency of collecting state funds and due debts, which included:

1. Collecting government debts through modern electronic means of dealing with accumulated debts.

2. A list of bad debts without adequate data to facilitate collection and follow-up.

3. Provide a unified portal for collecting revenue from government agencies.

4. Provide aggregate and detailed information on the debts of the project participants.

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