Analyzing the impact of fiscal policy tools on economic growth in the Iraqi economy For the period (2004-2023)

Abstract

The research aims to analyze the impact of financial policy tools on economic growth in Iraq for the period (2004 - 2023). The research problem focuses on the economic crisis that Iraq is suffering from, which is manifested in the increase in public expenditures, especially military expenditures, which leads to a deficit in the general budget that It is covered by public debt, whether internal or external, which leads to an increase in the size of the deficit. The accumulation of these debts greatly exceeds the government’s ability to fulfill its financial obligations to creditors, In order to reach the goal of the study, a number of conclusions were reached, the most important of which are: The data indicate that there is a positive relationship between public spending and taxes with the gross domestic product during the mentioned period, as increasing public spending led to stimulating economic activity and enhancing growth, and the study recommends the necessity of maintaining balance. Between public spending versus public revenues by adjusting financial policies to enhance macroeconomic stability and achieve sustainable growth.