Analysis of Oil Revenues and Their Impact on the Net Budget in the Iraqi Economy for the Period (2004–2020)

The research aims to identify the role of oil revenues and the factors affecting them, in addition to studying the general budget of the Iraqi economy and analyzing the impact of declining oil revenues on the budget. When expenditures exceed revenues, the Iraqi economy faces significant challenges. Oil revenues are considered the primary driver of Iraq's economy, but they also pose a significant challenge due to constant fluctuations in oil prices. Iraq relies heavily on these revenues to finance its public budget, which exposes the country to economic risks during periods of falling oil prices. Therefore, it is essential for the state to diversify public revenue sources and improve the management of oil revenues to ensure economic stability and mitigate the negative impacts of oil price fluctuations on the general budget.