Risks and Problems of Lower Oil Prices in Preparing the General Budget of Iraq and the Necessity of Activating Sources of Non-Oil Income
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2022-12-08 08:09
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ALHUSSEINAWI, Latfe, ASHRAFZADE, Ileana, ALAJWADEE, Zaid. Risks and Problems of Lower Oil Prices in Preparing the General Budget of Iraq and the Necessity of Activating Sources of Non-Oil Income. In: 3rd Central and Eastern European LUMEN, 8-10 iunie 2017, Chişinău. Chișinău, Republica Moldova: Editura LUMEN, 2017, pp. 25-26. ISBN 978-973-166-461-3.
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3rd Central and Eastern European LUMEN 2017
Conferința "3rd Central and Eastern European LUMEN"
Chişinău, Moldova, 8-10 iunie 2017

Risks and Problems of Lower Oil Prices in Preparing the General Budget of Iraq and the Necessity of Activating Sources of Non-Oil Income


Pag. 25-26

Alhusseinawi Latfe1, Ashrafzade Ileana1, Alajwadee Zaid2
 
1 University of Bucharest,
2 University of Thi-Qar
 
 
Disponibil în IBN: 29 noiembrie 2021


Rezumat

The aim of the present study is to analyze the impact of the decrease in oil prices on the general budget of Iraq and to raise awareness over the importance of activating non-oil income sources in order to provide resources for the budget. The study reached several conclusions from which the most important was that the volatility of oil prices between 1921 and 2012 generated a lot of confusion regarding public budgets of Iraq, as well as real challenges, such as budget surplus or deficit. The research concludes that it is necessary to activate alternative sources of income, or non-oil resources, for financing the general budget in Iraq, especially taxes, in addition to the development of productive and service sectors.

Cuvinte-cheie
oil prices, general budget, sources of non-oil income, sources of funding