Journal of college of Law for Legal and Political Sciences

Abstract

In this research, we examined the analysis the borrowing acts for the year 2020 and the size of Iraq's financial crisis, from the angry popular protests, the spread of the Coronavirus pandemic and the collapse of oil prices, which led the government to its tQotal fiscal inability to pay even its employees. We explained how the signs of finding a way out of this stifling crisis began to move towards borrowing. We also pointed out how the dispute between the Government and Parliament over the borrowing mechanism has intensified, as the dispute has gone into the most detailed form, resulting in a delay in covering the Government's financial burden, which has had a significant economic and financial impact on most segments of the society. We also outlined the measures contained in those laws with regard to the collection of non-oil revenues. We have put forward many proposals that, if adopted, would reduce the risk of such a crisis and reduce its potential for the future.