Economic experts have clarified that higher oil production and increased exports do not automatically translate to an improved standard of living for citizens, emphasizing that substantial oil revenues require effective investment in developmental projects and comprehensive economic reforms. Specialists noted that the national economy remains almost entirely dependent on the oil sector, leaving it vulnerable to global market fluctuations. Despite generating massive financial revenues, high operational spending and an inflated wage bill prevent adequate allocations for infrastructure development. Experts called for the diversification of income sources and support for productive sectors, stressing that economic success is measured by the improvement of service quality and the creation of job opportunities.
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Editor at Dijlah Point News, writing about Eco.