Dr. Khalaf Mohammed Hamad / College of Administration and Economics – Tikrit University
Dr. Ibrahim Abdullah Jasim / College of Administration and Economics – Tikrit University
The Iraqi government, among the practical steps that contribute to public revenues, should take urgent actions in the manufacturing sector in Iraq, followed by the agricultural sector.
Structural imbalances in public budget revenues can lead to the deterioration of the Iraqi economy and negatively affect the state’s ability to achieve sustainable development and provide employment opportunities for individuals.
The imbalance in the structure of budget revenues in Iraq may increase the class disparity gap among societal groups.
Iraq needs to take smart steps towards utilizing the building of the budget and the Iraqi economy in responding and adapting to prevailing changes in international economic directions.
The Iraqi government needs to program and manage financial revenues, and overcome opportunities for illicit profit and corruption in the budget.
Diversifying budget revenues will stimulate the ability to respond to the needs of private businesses and people through improving technology, social organization, and diversification of economic activity areas, as well as establishing an economy based on abundance and securing justice.
Introduction:
Economic diversification is a strategy aimed at achieving sustainable development by enhancing the economy’s resilience and reducing dependence on a single economic sector. Economic diversification is essential for ensuring economic stability and improving future growth opportunities. It involves developing different economic sectors, increasing exports, and improving the structure of economic transformation.
On the other hand, sustainable development is an approach to development that aims to meet the needs of the current generations without compromising the ability of future generations. Sustainable development includes environmental, social, and economic dimensions, aiming to improve the quality of life for everyone without negatively impacting the environment or unsustainably depleting resources.
