Under the patronage of the President of the University of Mosul, Prof. Dr. Qusai Kamal Al-Din Al-Ahmadi, and the supervision of the Dean of the College, Prof. Dr. Thaeir Ahmed Saadoon Al-Samman, the Department of Economics at the College of Administration and Economics, University of Mosul, held the scientific lecture tagged (Financing options in the Iraqi state – a vision from reality) on Tuesday, 10/10/2023 and in discussion room No. 2, attended by a number of faculty teachers and people with experience and specialization. Delivered by Prof. Dr. Hashem Muhammad Al-Arkoub Professor of Public Finance

In it, he talked about the goal of achieving financial sustainability to promote the principle of justice in the distribution of resources between generations, promising the concept of sustainability as a state of development that meets the needs of the present without compromising the ability of future generations to meet their own needs and the risk of resorting to public lending after the Covid-19 epidemic.

The shock to the Iraqi economy, which resulted from the repercussions of low oil prices, which increased the budget deficit for the year 2020 as a result of the increase in operating expenses related to the salaries and wages paragraph, as the rate of devaluation of the Iraqi dinar was estimated at (22%), which was reflected in a rise of more than (50%) in the general level of prices
He also talked about non-oil revenues, including customs revenues, which did not exceed one trillion Iraqi dinars for the years (2019-2020).
He concluded by saying that a decrease in real incomes to nearly one third of real income reflected negatively on the welfare of the employee.