Under the patronage of the President of Al-Qadisiyah University, Prof. Dr. Rahi Kalaf Mahdi Al-Yasiri,
and under the supervision of the Dean of the College of Administration and Economics, Prof. Dr. Hussein Falah Ward,
The Department of Economics—as part of the scientific activities of University Sustainability Week—
organized a scientific seminar titled “The Optimal Utilization of Financial Resources and Its Impact on Mitigating the Effects of Crises.” The seminar featured lectures delivered by the Head of the Department of Economics, Prof. Dr. Razzaq Dhiab Shuaibith, and Lecturer Ahmed Masoud Shaalan.
The seminar addressed the challenges resulting from the failure of most economic sectors to generate public revenues, as well as the issue of excessive government spending and its impact on fiscal sustainability. It also examined the exacerbation of public budget issues—specifically the resulting deficits—stemming from poor planning, as well as financial and administrative corruption.
The seminar concluded with a set of recommendations, most notably the need to focus on tax revenues in Iraq to bolster public funds and to diversify sources of national income. This diversification aims to reduce the federal budget’s heavy reliance on oil revenues, which remain vulnerable to supply-and-demand dynamics, as well as the security and political volatility currently affecting the region and the world—particularly in light of regional tensions between the United States and the Islamic Republic of Iran, the potential closure of the Strait of Hormuz, and the ensuing repercussions on global energy prices.
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