الانضباط المالي في العراق في ظل تقلبات أسعار النفط للمدة (2003-2020)‎

Abstract EN

The research deals with the state of financial discipline in iraq in light of fluctuations in oil prices through the impact of these fluctuations on the rules of financial discipline represented by the rules of revenue, expenditure, debt, deficit and the golden rule.

especially in the years of financial abundance and high oil prices, in addition to the increase in military spending as a result of the unstable security conditions that he experienced, the continuous fluctuation of oil prices and the decline in oil revenues have a negative impact on the economy and lead to an imbalance in the financial conditions and the rules of financial discipline and then the instability of the budget this is because it depends mainly on these revenues and that following the policy of financial discipline such as controlling spending within the limits of public revenues or not exceeding certain percentages of the deficit or public debt as a percentage of the gross domestic product contributes to reducing the impact of oil price fluctuations on the Iraqi economic reality, the research aims to analyze the impact of oil price fluctuations on the fiscal discipline policy in Iraq for a period of time n (2003-2020), the research concluded that there were no cases of financial control in all the bases during the study period, although some sporadic years had achieved discipline.

the main recommendation was to increase the level of financial discipline and diversify sources of income and not rely on a single depleted source as well as the establishment of sovereign funds to take advantage of the financial savings during the years of high oil prices and use them to bridge the deficit and finance development plans.