EAS Publisher | The Fiscal Deficit and its Impact on Economic Growth in Iraq's for the Period (2004-2021)

The Fiscal Deficit and its Impact on Economic Growth in Iraq's for the Period (2004-2021)

DOI : https://doi.org/10.36349/easjebm.2024.v07i12.003

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The present study seeks to evaluate the significance of Iraq's deficit, fiscal policies, and economic development, along with the impact of the fiscal deficit on economic growth as indicated by Iraq's GDP index from 2004 to 2021. Time chains have been employed to elucidate the connection between the examined variables. An assessment utilizing the ARDL model has determined that a long-term equilibrium exists between the fiscal deficit and economic growth in Iraq, indicating that the fiscal deficit influences Iraq's economic growth. The findings indicate an inverse link between the examined variables throughout the research period, suggesting that the fiscal deficit adversely affects economic growth in Iraq.

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Lecturer, Dept. of Pharmacology and Therapeutics, Shaheed Monsur Ali Medical College & Hospital, Uttara, Dhaka-1230, Bangladesh

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