Abstract

Planning Oil Revenues and Their Role in Economic Growth in Iraq

Dr. Saja Fadhil Jawad, Dr.Taameem M.Saloum

Volume: 11 Issue: 3 2021

Abstract:

Planning is an important means that contributes to achieving economic growth by raising the contribution of the non-oil productive sectors to the gross domestic product, as planning has become an urgent necessity, especially for oil economies that suffer from a weak production base due to the heavy dependence on oil, which is a depleted resource and is characterized by many fluctuations in Its prices in the world oil markets. Given that Iraq is one of the economies that the oil sector dominated its gross domestic product and affected its economic performance, despite its possession of many natural capabilities, human resources and various economic components. Therefore, an effective planning policy must be adopted to use this product and diversify the production base in order to achieve economic growth and stand up to external shocks.

DOI: http://doi.org/10.37648/ijrssh.v11i03.034

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