Abstract

Sovereign wealth funds are an important tool to achieve economic stability and spare the local economy from external shocks caused by fluctuations in global oil prices, and many countries with renter economies face the problem of their main dependence on non-renewable natural resources. Iraq is among the renter economies as it suffers from price changes Crude oil because there is no sovereign fund that maintains the wealth of the national economy, because most renter countries depend in financing their budgets on oil revenues mainly and often those revenues are exposed to fluctuations as a result of changes in oil prices in the international market, so the establishment of sovereign wealth funds contributes to financing The budget deficit as an additional source to reduce the effects of these fluctuations, the research aims to demonstrate a future vision for the establishment of a sovereign wealth fund in Iraq to reduce crude oil price shocks for the current generation and preserve the rights of future generations