Financial sustainability of the Iraqi federal budget in 2006-2020 and its effect on governance
Economic Annals-ХХI: Volume 193, Issue (9-10), Pages: 54-61
Citation information:
Atiya, A. S., Ali, R. H., & Kashcool, A. S. (2021). Financial sustainability of the Iraqi federal budget in 2006-2020 and its effect on governance. Economic Annals-XXI, 193(9-10), 54-61. doi: https://doi.org/10.21003/ea.V193-06
Ahmed Sabeeh Atiya
PhD (Economics),
Lecturer,
Faculty of Administration and Economics,
Wasit University
Central Str., Kut, 52001, Iraq
satiya@uowasit.edu.iq
ORCID ID: https://orcid.org/0000-0003-2281-9212
Hussein Ali Raghad
PhD (Economics),
Lecturer,
Faculty of Administration and Economics,
Wasit University
Central Str., Kut, 52001, Iraq
Raghadh@uowasit.edu.iq
ORCID ID: https://orcid.org/0000-0002-5497-827X
Adel Salam Kashcool
PhD (Economics),
Lecturer,
Faculty of Administration and Economics,
Wasit University
Central Str., Kut, 52001, Iraq
Akashkool@uowasit.edu.iq
ORCID ID: https://orcid.org/0000-0002-3111-8226
Financial sustainability of the Iraqi federal budget in 2006-2020 and its effect on governance
Abstract. The matter of financial sustainability is essential for both advanced and developing economies. It regulates the work of the policies of expenditure with revenue in the short and long term. This research assumes that the increase in the budget deficit is accompanied by an increase in the size of public debt, which will weaken the government’s ability to achieve financial sustainability, the research aims to identify the extent of the government’s ability to achieving to sustainability and obstacles, and it used the descriptive-analytic approach for coverage the theoretical side and then it used the pattern of econometrics for estimated the relationships among the variables (subject of study) for the period 2006-2020. The results of the econometrics analysis indicated that the approved equilibrium relationship long-term between the revenues and expenditures also indicated the causal relationship in one way, which it represented the revenues it causal the expenditures, at the last main recommendations summarized about the rehabilitation of the taxation sector, which is no less important than the oil sector under the fair legislation for guaranteeing all their rights and sacrifices.
Keywords: Financial Sustainability; Public Debt; Budget Deficit; Financial Burdens; Expenditures
JEL Classifications: E69; F30
Acknowledgements and Funding: The authors received no direct funding for this research.
Contribution: The authors contributed equally to this work.
Data Availability Statement: The dataset is available from the authors upon request.
DOI: https://doi.org/10.21003/ea.V193-06
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Received 21.02.2021
Received in revised form 21.03.2021
Accepted 27.03.2021
Available online 10.05.2021