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Public Article
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Analysis of the fiscal space in the Iraqi economy and the possibilities of measuring it for the period (2004-2019)
ISSN: 2195-1381
Publisher: author
Analysis of the fiscal space in the Iraqi economy and the possibilities of measuring it for the period (2004-2019)
Indexed in
Social Sciences
ARTICLE-FACTOR
1.3
Article Basics Score: 3
Article Transparency Score: 2
Article Operation Score: 3
Article Articles Score: 3
Article Accessibility Score: 3
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International Category Code (ICC):
ICC-0202
Publisher: Ibn Al-arabi Center For Culture And Publishing
eISSN
:
2195-1381
Abstract
The Iraqi economy is rentier (unilateral) largely dependent in financing its expenditures on rentier revenues, which are vulnerable to external shocks and are unstable, and for this, it requires the provision of financial capabilities to sustain spending and finance investment, for this it is essential to know those financial capabilities and observe the abilities that provided by the economy, which is one of them is the fiscal space, that the state can after obtaining it, execute its spending and development policy in order to achieve the economic stability that it seeks. By analyzing the public debt index, it was found that its fiscal space is weak, as the rate of this fiscal space for years of study was (-22.1926%) over the permissible ratio Addressing this requires reducing and amortizing debts, especially external ones, and obtaining grants. As for the foreign reserves index, it is distinguished by the exploitation of its fiscal ...
