The effectiveness of fiscal policy in Iraq for the period 2004-2020: Future Vision

Abstract

Iraq's financial policy has fundamental objectives, including achieving economic stability, redistributing income, and directing spending appropriately. However, the success of such a policy depends on factors like the cultural attitude of individuals toward paying taxes, the use of technology in payment processes, and the development of the banking system alongside an effective financial market that addresses these needs. Additionally, the political factor in Iraq plays a prominent role. Amid global economic crises, the Iraqi economy faces numerous challenges, and the existence of a financial policy that mitigates risks in major future plans directly influences public spending and financial policy tools.