The problem of the recurrent deficit of the federal public budget in Iraq Causes and treatments)

10.2478/bjlp-2023-0000021

Abstract

It is known that the general budget is a reflection of the state’s philosophy and its role in economic life, and in the event of an imbalance in the budget in the form of a deficit, the specialists begin to fear how to address this imbalance, which has effects that cast a shadow on individuals and society and its heavy burdens on the poor before the rich. These actions frequently take the shape of economic bundles because one or two actions will not suffice, as well as macroeconomic or microeconomic long-term transformation (short-term reform). The federal general budget in Iraq, which is the core of this study, suffers from frequent deficits since 2004 until the general budget for the year 2021, knowing that until the preparation of this study, the general budget for the year 2022 has not been issued and the draft general budget for the year 2023 has not been submitted. These actions frequently take the shape of economic packages since just one or two are necessary, as well as macroeconomic reforms that last for a very long time or microeconomic reforms that are more immediate (short-term reform). And the last question, can we see that the general budget of the Iraqi state is devoid of financial deficit?. The answers to these questions are the focus of our study, and we try hard to find clear answers to the questions posed by this study.