The impact of public revenues on financial capacity in Iraq

Abstract

Public revenues are considered one of the important financial policy tools on which the rest of the other economic variables depend, such as public expenditures, investment, public debt, and others. Financial, because achieving financial sufficiency means not harming the economic and social variables and guaranteeing the rights of future generations. Present and in large part due to the dependence of the Iraqi economy on oil revenues, which are characterized by instability as a result of their association with volatile oil prices in global market, The main recommendation was to diversify sources of income and not rely on the unstable oil sector in order to increase the proceeds of public revenues and expand the financial capacity in Iraq.