Draw Media

The customs revenue of Bashmakh Border crossing has decreased by 40% compared to last month. The revenue of the Border crossing was more than 14 billion dinars in July and this month it has decreased by 53% to 8 billion dinars.

According to the investigations of (Draw Media) this month's revenue of Bashmakh, which is one of the main revenue sources of Sulaimani, until today has reached (8 billion dinars), and it is expected to be reach to (9) billion dinars at the end of this month.

The financial experts of the region believe that the decrease in revenue of Bashmakh border crossing is due to the following reasons:

• Poor management of in Bashmakh border crossing compared to the other border crossings, especially Haji Omeran.

• Lack of plans on how to increase revenue at the Bashmakh border crossing, compared to other gates by the authorities of Sulaimani.

• Lifting customs duties on some goods at Iraqi border crossings, which has led traders to turn to these crossings.

Taking several months of Bashmakh revenue shows how much revenue has decreased.

Bashmakh customs revenue in 2021:

January: 22 billion 855 million dinars

February: 23 billion 707 million dinars

March: 22 billion and 47 million dinars

April: 20 billion 977 million dinars

May: 17 billion 307 million dinars

Bashmakh customs revenue in 2022:

January: 10 billion 538 million dinars

February: 15 billion and 140 million dinars

March: 17 billion 238 million dinars

April:  N/A

May: N/A

June: 12 billion dinars

July: 14 billion dinars

August: 8 billion dinars, until today.

between July and August, the revenue decreased by 40%.

Comparison:

Bashmakh Revenue January (2021 – 2022)

January 2021: 22 billion 855 million dinars

January 2022: 10 billion 538 million dinars

Decrease: 12 billion 317 million dinars

Decreased by: 54%