The Role Of Fiscal Policy in Achieving Internal Balance in Iraq After 2003

• Post by: Muthanna mjdes
• June 3, 2023
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Ali jabber Abd & Hwraa Hakem Hesn

ABSTRACT

The Iraqi economy has faced different internal economic issues and imbalances, which have led to a decline in economic performance and development attempts. Thus, the government utilized a new mechanism after 2003 to achieve economic balance amid fluctuations in crude oil prices. However, internal imbalances persist due to economically unjustified increases in public spending distributed through channels influenced by the market mechanism. Therefore, the government’s economic Role has been updated from developmental to corrective, with fiscal and monetary policies playing an important role in eliminating government assistance and foreign trade restrictions. This method has influenced resource distribution across sectors and regions and made the Iraqi economy more flexible.

Keywords: fiscal policy, internal balance.

Volume 13, Issue 1, Pages 250-262

DOI: 10.52113/6/2023-13-1/250-262