The Impact of Fiscal Policy on Economic and Social Development in Iraq

This paper uses quarterly data from the period (2004-2023) and the regression model to show how fiscal policy, through its tools (public revenues and public expenditures), affects economic development (such as GDP and inflation) and social development (such as unemployment and poverty) in the Iraqi economy.-Self-distributed slowdown periods (ARDL), and the findings indicated that public revenues and expenditures, which are financial policy tools, have a direct correlation with GDP, a direct correlation with inflation, a direct correlation with fiscal policy tools, and an inverse correlation with inflation. The relationship between unemployment and public revenues and expenditures. The relationship between public spending and poverty was inverse, and all of the aforementioned associations hold true in both the long and short term, and they are consistent with economic theory. The relationship between public revenues and poverty was inverse in the short term, which is compatible with the logic of the economic theory, but direct in the long run, which contradicts economics. Theory.

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Publication Details

Journal
WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS
Published
2025-04-27
DOI
https://doi.org/10.37394/23207.2025.22.69
Primary Topic
Fiscal Policy and Economic Growth
Type
article
Field-Weighted Citation Impact
0.00
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article

The Impact of Fiscal Policy on Economic and Social Development in Iraq

Saad Noori Alhamdany, Saba Noori Alhamdany, Mohammed Noori Alhamdany, A.H. Mohammed
WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS
Fiscal Policy and Economic Growth
article

The Impact of Fiscal Policy on Economic and Social Development in Iraq

Saad Noori Alhamdany, Saba Noori Alhamdany, Mohammed Noori Alhamdany, A.H. Mohammed
article en

Abstract

This paper uses quarterly data from the period (2004-2023) and the regression model to show how fiscal policy, through its tools (public revenues and public expenditures), affects economic development (such as GDP and inflation) and social development (such as unemployment and poverty) in the Iraqi economy.-Self-distributed slowdown periods (ARDL), and the findings indicated that public revenues and expenditures, which are financial policy tools, have a direct correlation with GDP, a direct correlation with inflation, a direct correlation with fiscal policy tools, and an inverse correlation with inflation. The relationship between unemployment and public revenues and expenditures. The relationship between public spending and poverty was inverse, and all of the aforementioned associations hold true in both the long and short term, and they are consistent with economic theory. The relationship between public revenues and poverty was inverse in the short term, which is compatible with the logic of the economic theory, but direct in the long run, which contradicts economics. Theory.

WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICSVol. 22
University Of Fallujah (IQ), Middle Technical University (IQ)
Openalex Percentile: Top 87%
Fiscal Policy and Economic Growth
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