Author(s): Rajaa K. Abbood Al-rubaye, Rajaa Jaber Abbass, Hind G. Almohana
The Iraqi economy is suffering from structural imbalances, which are weak in the contribution of the economic sectors (agriculture, industry, services) in the GDP, and there is an expansion in public expenditure compared with limited public revenues, which caused a deficit in the general budget of the country over the years of study. The Iraqi economy needs to apply the principle of financial sustainability to the public debt and try to extinguish it, and indeed efforts were to monetary and financial policy in this area through the concealment the establishment of a new currency and the preservation of the financial reserves of the Central Bank of Iraq, and interest in taxes and the adoption of the policy of rationalization of spending, as well as a package of economic reforms reflected on the economic stability of the country, and research concluded that the financial sustainability of the Iraqi economy step in the direction as it serves the process of comprehensive economic development as reflected in the permanence of work and non-bankruptcy and avoid international crises by reducing the dependence on oil as the main source of revenue and the policy of economic diversification and diversify the sources of public revenue for ululation.