Contractual Budgeting as a Tool for Sustainable Development
Naji Shayeb Alrikabi *
Baghdad College of Economic Sciences University, Iraq.
*Author to whom correspondence should be addressed.
Abstract
General budget of the Iraqi state have a great importance in the lives of most Iraqis, Without them no salaries for employees, retirees, the security services, municipal services and healthy. Despite this importance, it is preparing a manner that lead to the waste of public money, in addition to lead to the phenomenon of financial and administrative corruption. In order to avoid the waste of public money, at the operational and investment budget, budget it is necessary to prepare according to mechanisms contractual budget by:
-Concluding a service contracts, partnership with the private sector (P3S)
-Concluding a contracts (B.O.T) with the foreign companies.
As well as the contractual budget, contribute to reducing the state budget deficit.
Keywords: Contractual budget, sustainable development