Financial sustainability of the Iraqi federal budget in 2006-2020 and its effect on governance
Financial sustainability of the Iraqi federal budget in 2006-2020 and its effect on governance

Summary/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.

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