Budget Deficit in Iraq and Possible Solutions

Abstract

The budget deficit represents one of the most important economic problems that most countries suffer from, as this deficit often has effects on economic variables. Still, the particularity is the form of the impact itself. The truth cannot be traced back to a specific cause as it is a complex and complex phenomenon at the same time. It is due in its reasons to a network of overlapping factors. The relationship between the deficit and development performance is the cornerstone in understanding the effects of the deficit that may be indirect, achieved in the financial field and even the economy in general. The budget deficit may be current, periodic, structural, or expected long-term. The research represents an attempt to cover the details of the budget deficit in Iraq by addressing the understanding of what the budget deficit is, down to the effects of this deficit on the development performance in Iraq during the period 2003-2019, while giving importance to showing the sectoral impact of the budget deficit and the developmental effects that may affect the economy in the long term. The research dealt with the analysis of the budget deficit in Iraq during the period (2003-2019) and what are the possible effects and possible solutions to address the deficit.