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The federal budget and the optimal allocation of Iraqi oil revenues | ||
| Iraqi Journal For Economic Sciences | ||
| Article 1, Volume 0, Issue 17, 2017, Pages 79-100 | ||
| Authors | ||
| Hussein Al-Anbuge; Dr.Aub Al | ||
| Abstract | ||
| In light of the transition from a totalitarian to a democratic system, and central to the decentralization of the administration and the system of provinces, as well as the shift from the state budget which is initiated and implemented centrally to balance the General Federation is a compilation of the budgets of federal regions and governorates not organized in a region is in coordination with the governments of the regions and proceeds from before the House of Representatives after approval by the parliaments of the regions it implements part of the central and leave the rest to local governments with the continued coordination and follow-up, as well as the transformation of economic system led by the government sector to the economic system led by the private sector and direction of the state through macroeconomic policies are desirable, in front of this (Perestroika Iraqi ) and the hard drive and hard about economic reform and to coincide with the great efforts for the legalization and institutionalization of the State in accordance with the Constitution and particularly with regard to personal law of oil and gas had to be put theoretical framework includes the harnessing of new mechanisms for the preparation and organization of the general budget federalism and the distribution of oil revenues in its framework fairly and efficiently and implementation of degree high flexibility and efficiency to ensure that the desired objectives of the government, and thus it is our responsibility to study international experiences in order to formulate an ideal system for the distribution of Iraq's revenues of oil so that it fits the model with the actual political, cultural and economic development of Iraq, which currently relies heavy reliance on oil revenues and is expected to continue in the future This requires close management of these revenues remain confined to the orbit of the federal | ||
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