The Impact of Fiscal Policy on Economic Growth in Iraq

Abstract

This research seeks to elucidate the notion of fiscal policy and its function in facilitating economic growth in Iraq, with the study's problem arising from the following inquiry: What is the function of fiscal policy in facilitating economic growth in Iraq? This research employs a deductive and discretionary approach to analyze and assess the impact of fiscal policy on the state's economic growth, yielding significant findings. The fluctuations in the state's GDP during the study period can be attributed to several factors, notably the decline in public revenues due to the inadequate contribution of tax revenues relative to oil revenues in supporting the general budget. It is recommended to rectify the imbalance in the public revenue structure by enhancing the role of taxes and fees. Minimizing reliance on oil resources while steering state expenditure to allocate financial resources for the advantage of persons in society.