Analyzing the Influence of Iraq's General Budget on Its Trade Balance (2004-2022).

EasyChair Preprint 14842

Abstract

This study aims to analyze the influence of Iraq's general budget on its trade balance between 2004 and 2022, a period marked by significant economic, political, and security challenges. The general budget, largely dependent on oil revenues, plays a crucial role in shaping Iraq's fiscal policies and trade dynamics. This research investigates the relationship between government expenditure and revenue allocation, with special attention to oil prices, which have a direct impact on the budget and trade balance. Using econometric analysis, the study examines how fluctuations in oil revenues and budget deficits or surpluses influenced the trade deficit or surplus during the studied period. The research highlights key factors such as government spending, public investment, and external economic conditions that contribute to shifts in the trade balance. The findings reveal a strong correlation between budgetary trends and trade balance performance, emphasizing the vulnerability of Iraq's economy to oil price volatility and the need for diversification. The study concludes with policy recommendations aimed at enhancing Iraq's fiscal resilience and improving its trade balance in the long term.

Keyphrases: Economic diversification, Iraq’s General Budget, Oil Revenues, Trade balance, budget deficit, fiscal policy

@booklet{EasyChair:14842,
  author    = {John Owen},
  title     = {Analyzing the Influence of Iraq's General Budget on Its Trade Balance (2004-2022).},
  howpublished = {EasyChair Preprint 14842},
  year      = {EasyChair, 2024}}