Economic Experts: Sustainable Development Requires Investing Oil Revenues in Strategic Projects

Economic circles have emphasized that continuous increases in oil production and export rates are insufficient to achieve development unless they positively impact citizens' living standards. Experts point out that the Iraqi economy's near-total reliance on oil revenues makes it highly vulnerable to global market fluctuations. Despite generating massive financial returns, allocating the bulk of these funds to cover operational expenses and salaries prevents their utilization in developing infrastructure, health, and education sectors. Specialists stressed the necessity of adopting serious economic reforms aimed at diversifying national income sources and supporting productive sectors such as industry and agriculture, transforming oil wealth into a genuine tool for creating sustainable employment and achieving comprehensive economic growth.