The impact of financial policy on the gross domestic product in lraq for the period (2004-2020)

Financial policy has an important and effective role in organizing economic activity and other activities through the use of means and tools to reach the set goals. We see that financial policy in most Arab countries, especially in Iraq, has been characterized by an absence of oversight and a lack o...

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Veröffentlicht in:Al Kut Journal of Economics and Administrative Sciences 2024-03, Vol.16 (50), p.57-85
Hauptverfasser: Shakir, Ghalib, Aziz, Luma
Format: Artikel
Sprache:eng
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Zusammenfassung:Financial policy has an important and effective role in organizing economic activity and other activities through the use of means and tools to reach the set goals. We see that financial policy in most Arab countries, especially in Iraq, has been characterized by an absence of oversight and a lack of commitment to implementing the foundations of correct and purposeful financial policy due primarily to financial and administrative corruption on the one hand and the absence of legal and supervisory regulation on the other hand. Fiscal policy indicators were estimated standardly to determine their impact on the GDP at current prices and using several statistical tests. From these tests, it became clear that the public revenue variable is the most important variable in influencing the GDP, as we will show in this research. This research concluded with conclusions and recommendations that diagnose deficiencies and develop the necessary solutions for them.
ISSN:2707-4560
1999-558X
DOI:10.29124/kjeas.1650.04