The Iraqi Economy Between Paternalism and the Mounting Financial Burden: An In-Depth Analysis of Fiscal Policy and Rentier Dominance
December 7 @ 6:00 pm – 8:00 pm
Sweden Time – Central European Time (CET) – UTC+1
Speaker: Dr. Ali Dadoosh, Researcher in Iraqi and International Economic Affairs In Partnership with: Swedish Iraqi Chamber of Commerce & Industry (SWE-IRQ-CCI)
Session Description:
This lecture addresses the complex structure of the Iraqi economy, highlighting the challenges facing it, represented by the increasing financial burdens in the general budget due to rising (Paternalistic Care) and the soaring consumer expenditure bill. These factors have generated a significant financial burden, cumulatively increasing the deficit in the rentier general budget, leading to the rise in public debt borne by future generations.
Dr. Dadoosh will provide an in-depth reading of the nature of Iraqi fiscal policy, highlighting how these policies have entrenched the dominance of a rentier economy that relies on oil for over 90% of its revenues, and how government spending has failed to create a productive base for transitioning away from rentierism toward market mechanisms led by the private sector.
Key Discussion Points:
1- Discussing Necessary Structural Reforms and Recommendations for Achieving Fiscal Sustainability.
2- Fiscal Policy between Government Intervention and Weak Domestic Production.
3- Analysis of Financial Fragility in the Iraqi Economy.
4- Mechanisms for Transitioning from Oil Dominance to Economic Diversification.
The Swedish Iraqi Chamber of Commerce & Industry
+46-76-768-28-27
info@swe-irqcci.com
Online Access – Iraqi Economy Lecture (Dec7)
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