Proposed Mechanisms for Financing the General Budget and Rationalizing Spending (Iraq Case Study)

Abstract

The Iraqi economy suffers from a deficit in its budgets due to the impact of revenues on global oil prices, and because of Iraq’s dependence on rentier revenues from oil revenues, with the aim of diversifying sources of income to enhance public budget revenues, and the need for rationalization in terms of expenditures and optimal exploitation of resources in an efficient manner. In this research, the proposed mechanisms for financing the budget were addressed. And ways to enhance it in order to achieve additional income to supplement the budget revenues to reduce the deficit between the scarcity of financial resources and the increase in public expenditures.