Abstract

Managing Oil Revenues within the Framework of the Iraqi Financial Management Law No. (6) of the Amended 2019

Basil Hameed Shehab, Zinah Younis Hussein

Volume: 12 Issue: 3 2022

Abstract:

The efficient and effective management of the oil sector and the revenues derived from it, necessarily leads to the maximization of Iraq's wealth by relying on effective rules in this administration, which are included in a law issued by a free national will aimed at achieving economic stability and the welfare of the citizen, and giving priority to this goal over the personal and factional interests of those in charge. At the head of the authority, we have pondered well the issuance of the new Financial Management Law No. (6) of 2019 amended with regard to the management of state finances in general, as it represents, in our opinion, the constitution of public finance in Iraq, as well as the importance of this law with regard to the management of revenues from oil and gas, However, despite the positives it contains in this regard, it is like other human actions that are expected to be tainted by flaws and errors, and it has been marred by some shortcomings and pitfalls that we have shown in this research and we have put for them the solutions that we see that address those insufficiencies and errors.

DOI: http://doi.org/10.37648/ijrssh.v12i03.008

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