THE ROLE OF INVESTMENT PROJECTS IN REDUCING PUBLIC SPENDING OF THE GENERAL BUDGET

Abstract

Recently, investment projects have main role in developing the economies of countries and diversifying their sources of income, but their role does not stop within the limits of that. Rather, they have a clear impact on the development of the society in which the money is invested. This impact was evident in clarifying their role in terms of two areas. The first was evident around the provision of services. We clearly sensed the importance of reducing public spending in the comparative law that regulated it and obligated local and foreign investment projects to be included in it, while Iraqi legislation was devoid of this regulation, which is a legislative vacuum that the Iraqi legislator must avoid. As for the other field, these projects had a role. Addressing poverty and unemployment, which have become among the most important problems threatening countries.