Financial Policy Shifts Between Financial Sustainability Requirements and Public Spending Dynamics: A Case of Iraq

Hussein Basim Furaijl, Muntadher Mohammed Hasan Al-Keshwan, Ibrahim Jasim Alyaseri, Akeel Almagtome () and Maithm Khaghaany
Additional contact information
Hussein Basim Furaijl: University of Al-Ameed, College of Pharmacy
Muntadher Mohammed Hasan Al-Keshwan: University of Kufa, Faculty of Administration and Economics
Ibrahim Jasim Alyaseri: University of Kufa, Faculty of Administration and Economics
Akeel Almagtome: University of Kufa, Faculty of Administration and Economics
Maithm Khaghaany: University of Kufa, Faculty of Administration and Economics

A chapter in Entrepreneurship and Human-Centric Business Strategies for Social and Economic Resilience, 2026, pp 789-810 from Springer

Abstract: Abstract This study aims to diagnose and analyze financial sustainability indicators in Iraq for the period 2003–2023. It also aims to identify the most significant challenges to financial sustainability in Iraq, as well as assess the effectiveness of the financial policies implemented in Iraq. This study employs a quantitative approach to analyze financial sustainability indicators in Iraq from 2003 to 2023. Secondary data were extracted from reports issued by the World Bank, the International Monetary Fund, and the Arab Monetary Fund, as well as national sources. The research aims to identify the main challenges facing public finances. It also aims to propose reform policies that support achieving financial sustainability in the medium and long terms. The results indicate that excessive reliance on oil as the primary source of public revenue has contributed to recurring financial crises, negatively impacting financial sustainability. This is due to fluctuations in oil revenue volumes resulting from price changes in global markets. The widespread financial and administrative corruption in most of the state's institutions has led to waste and misallocation of resources, increasing pressure on legislators, and reducing the efficiency of government spending. The study emphasizes the need for policymakers to adopt a balanced approach that addresses both short-term economic stability and long-term financial sustainability goals in Iraq. This includes investing oil revenues in economic and social development projects, as they constitute more stable and sustainable sources of revenue.

Keywords: Financial policy; Financial sustainability; Public Spending; Spending Dynamics (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-981-95-6415-6_49

Ordering information: This item can be ordered from
http://www.springer.com/9789819564156

DOI: 10.1007/978-981-95-6415-6_49

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().