The role of exchange rates and oil prices and their effect on the public budgeting in Iraq

Abstract

The study of the Public Budgeting of countries is one of the important topics, because it shows what will be the situation of these countries in the future, through what these countries do in allocating resources and distributing them among the various needs and public purposes, and through the focus of successive Iraqi governments on financing the operational side of the Public Budgeting more than The investment side, Iraq has always suffered from a deficit in these Budgeting. The research came in three topics, the first of which dealt with the Public Budgeting, the second dealt with oil prices, and the third discussed the exchange rate.

The research has reached a number of results, perhaps the most important of which is that lowering the exchange rate of the dinar against the dollar worked to reduce the value of real income for individuals and increase the proportion of individuals below the poverty line, but on the other hand it will encourage local industries as well as diversify sources of national income, and this matter will have implications Mission in reducing the volume of imports and creating local job opportunities. The research recommended the necessity of activating the role of other non-rent government revenues, such as tax revenues and investment revenues, in order to improve the structure of government revenues, and to reduce dependence on irregular oil revenues.