تحليل استدامة الدين العام الداخلي في العراق للمدة 2003-2017

Authors

  • م.م. مالك عبد الرحيم محمد احمد
  • أ.د. ميثم العيبي إسماعيل

Abstract

The increase in the internal public debt and its accumulation leads to an increase in the deficit of the public budget and pressure on the coming budgets, which leads to weak ability to repay the principal of public debt and the benefits thereof low level of debt sustainability, Which is assumed to be linked to world oil prices and the amount of Iraqi oil exports in a direct relationship. After 2003, the budget indicators began to improve compared to the public debt, as the public debt witnessed a marked decline in its levels against a significant increase in public revenues. Iraq also achieved high growth rates of the GDP, which had the most important effect in the decline of the ratio of the internal public debt to the GDP during Search duration. Therefore, a clear and rational policy of domestic borrowing should be adopted in order to maintain the positive results of the internal public debt situation and ensure the state's ability to repay its debts without adversely affecting the economic development process, through the pressure of public spending and the diversification of funding sources through the development of productive sectors, especially private sector projects. Contributes to balanced economic growth.

Published

2022-03-22