Customs revenue rise more than tripled in January

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General Administration of Customs announced on Sunday by rising revenue for the month of January more than tripled compared to the same month last year.

Director General Kazim Ali Abdullah said in a press statement that the customs revenue, achieved a value of 68.644 billion dinars last January, compared with 19.002 billion dinars in January of 2006.

He added that the rise in revenues achieved after an economic development plan and a comprehensive system and follow-up of a dedicated staff, have contributed to the attribution of the state budget and help them facing crisis, drop in oil prices and support the costs of the war against terrorism, which is passing through the country.

Iraq has suffered from the financial crisis more than two years due to drop in oil prices, which funds about 95 percent of the state treasury as well as increased costs of the war against al Daesh.

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