مديونية العراق و فرص تحقيق الاستدامة المالية

Abstract EN

The rentier nature feature of the Iraqi economy being dependent on oil revenues, mainly to finance the general budget, and this will inevitably lead to a deficit in the general budget is financed by borrowing, and this can lead to out the possibility of achieving financial sustainability because oil prices are affected by external variables.

This makes Iraq permanently affected by this, in addition to it was not the government went seriously over the past years to develop economic sectors and the diversification of the economy also could not diversify the sources of public revenue, as well as not to rationalize public spending, which is characterized by increasing and extravagant in its doors, and This will exacerbate the problem of indebtedness in any disruption in oil prices and then Iraq's inability to repay these debts in such a situation as well as overcome sustainability indicators and financial discipline of the limits of optimal and this will be a source of concern for traceroute economic situation.

The research found a set of conclusions was that the financial sustainability illusion indicators as a result of the debt exceeded safe limits in recent years, which has seen the decline in oil prices as well as exceeded the budget deficit to GDP that border too.