The legislative basis for fiscal centralization (regulating revenues and balancing expenditures)

Abstract

Abstract: Financial decentralization is considered a part or branch of decentralization, which means the distribution of powers. These powers are distributed between central and local bodies, due to their administrative and economic importance. This is what the Iraqi Constitution of 2005 brought about, which is the method of administrative and financial decentralization in different fields, because local needs differ radically from the needs that are required at the regional level or the state level in general. Among these fields is the local financial field, which has great importance in the success of financial decentralization.