Oil Revenues and Their Role in Economic Reform in Iraq

Abstract

The Iraqi economy is characterised by the fact that it depends on one resource to finance its budget, which is the oil sector, which constitutes more than 97% of budget revenues. In contrast, the rest of the economic sectors are characterised by backwardness and a decline in their economic performance due to the political and economic conditions and the unstable conditions that Iraq has experienced, so The state must adopt a group of economic reforms to address the problems experienced by the economic sectors by using oil revenues to finance the economic sector and improve the Iraqi economy.