WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 22, 2025
The Impact of Fiscal Policy on Economic and Social Development in Iraq
Authors: , , ,
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.
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Keywords: Fiscal policy, Economic dimension, Social dimension, GDP, Poverty, Inflation, Unemployment
Pages: 788-803
DOI: 10.37394/23207.2025.22.69