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The Oil Revenue and its Impact on the Structure of the General Budget for the Period (2004-2019)

المصدر: مجلة القادسية للعلوم الإدارية والاقتصادية
الناشر: جامعة القادسية - كلية الادارة والاقتصاد
المؤلف الرئيسي: Gnawi, Nadia Khedir (Author)
مؤلفين آخرين: Hammadi, Amira Nour Yassin (Co-Author)
المجلد/العدد: مج24, ع1
محكمة: نعم
الدولة: العراق
التاريخ الميلادي: 2022
الصفحات: 213 - 223
ISSN: 1816-9171
رقم MD: 1269130
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
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المستخلص: The problem that is facing the Iraqi economy is its dependence mainly on oil revenues to finance its general budget, as these revenues were characterized by fluctuations due to fluctuations in international oil prices, and the increase in the contribution of oil production to the gross domestic product is reflected in the decline in the contribution of other economic sectors ( non-oil) in the gross domestic product, which made the Iraqi economy a rentier economy. The research aims to know the concept and types of oil rents and the reasons for the emergence of the oil economy, and to try to find possible solutions to confront dependence on oil rents by working to diversify the structure of the Iraqi economy. The research reached a number of conclusions, including the existence of a long-term equilibrium relationship between oil rents and the structure of the general budget, according to the border test for joint integration. Therefore, it is necessary to control and rationalize public spending and expand other (non-oil) revenues such as taxes, for example, to reduce the dependence of the general budget on oil revenues, and thus improve the budget structure. The state should benefit from foreign investment in order to enhance the strength of the economy and activate the role of national investment in a way that contributes to raising national competencies and expertise in the oil field.

ISSN: 1816-9171