The Iraqi National Economy – Page 30 – Iraqi Economists Network

Government Budgeting and Economic Development in Iraq. By Dr. Jasim Al-Ali

Abstract The bulk of revenue that is generated in the Iraqi Economy is from oil export. The oil sector is an enclave sector with very little interaction with other areas of the economy. Government Budgeting is the only medium by which development in the oil sector can be used to promote other areas of the economy. This demands a greater emphasis of the role of budgeting, as an

Introduction 1.Oil sector tend to be relatively deficient in the spread effects associated with production and consumption linkages. 2.In examining linkages in the petroleum sector, the conclusion is that in an export orientated economy, financial linkages are by far the most important medium to induce other sector development. 3.The difference between production and consumptio

Download 1.0 Background In May 2006, following the initiation of Dr Maliki’s cabinet of national unity and the appointment of Dr Hussain Shehristani to the portfolio of the Ministry of Oil (MoO), I was approached with the task of drafting the Iraq petroleum law. Two associates Iraqi oil technocrats and I, who have then had a combined international oil industry expe

Download Climate change is one of the major challenges facing Iraq. Potentially, it could have a disastrous effect on the environment and economy, in particular on the agricultural sector. And while specific studies to assess the likely impact of climate change on Iraq have not yet been conducted, it is recognized that the country is particularly vulnerable due to its geographi

Download PDF Energy Potential vs. Reality Oil and Gas According to recent international estimates Iraq is expected to earn $5 trillion from oil exports up to 2035. Yet despite having reserves of 143 billion barrels, and awarding concessions to international oil companies (IOCs) for field development both in the north and south, it has yet to exceed its peak production of appr