Skamber explained that Iraqis will be able to know the balance of payments and what the Iraqi export of materials are and the amount involved in the state budget through the new system.
He said that the activation of work on the project will start with the beginning of next year. Preliminary preparations were set for the success of its application through unifying financial records of the ministries and the continuous documenting of financial records.
He added that such a system would raise the level of transparency and reduce the level of administrative corruption through adopting the mechanic method of payment by using open electronic communications of government purchases.
Skamber explained that this system will enable government employees to receive their salaries from banks, that have government accounts and this procedure is new in Iraq, according to him.(Source)AlSabah