The Analysis of the Relationship between the Public Budget and the Balance of Payment in Iraq for the period (1991 to 2008) | ||
| مجلة جامعة الانبار للعلوم الاقتصادیة والاداریة | ||
| Article 18, Volume 4, Issue 8, August 2012, Pages 407-424 PDF (1019.75 K) | ||
| Author | ||
| Ghufran Hatem Alwan AL-juboori | ||
| Abstract | ||
| This study analyzes the relationship between the Public Budget and the Payments Balance, in the system of macro- economy through the relationship between should be deleted them and finds out the reasons for surplus and deficit. The attention of many Economists was initially focused on the reasons for the imbalance in the Public Budget and the Payments Balance. There was an attempt in these studies to restore the balance of the Public Budget and the Payments Balance as well and the growing interest in studying the relationship between these two indicators in both developed and developing countries, is added in this study. The relationship between the surplus (deficit) of Public budget, and the surplus (deficit) of Current Account Balance is representing the Balance of Payments in the Iraqi economy. Oil revenues are the essential ingredient for both exports and government revenues in Iraq. There was not a natural situation in the economy during the period of the study (1991-2008). In order to determine the nature and direction of the relationship, we must ask: 1- Is there a significant relationship between the surplus (deficit) in the Public Budget, and surplus (deficit) of the Current Account? 2- If there is a relationship between them, what are the nature and the trend of this relationship? a- A relationship in one direction. b- Reciprocal causal relationship. | ||
| Keywords | ||
| public budget; Balance of payment | ||
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