The Impact Tools of Financial Policy as Determined of Iraq's Economic Growth Rates for the Period (2003-2016)

Adel Salam Al-Hashimi, Hatem K

Abstract

The process of public money management requires a knowledge of the economic tools and it effectiveness under different situations because it impact on the variables of economic activity and even the political and social field, the policy financial tools of Iraq are a great importance due to the burdens and tasks related it, & it is very effective In the promotion of economic growth rates through the management of the public budget and directing public spending, especially after 2003, the transition phase, which dose not the achievement its central objectives in addition to the expansion of public spending on public services and investment project requirements, The problem of research represented the reality of the financial policy after 2003 which it directly affected by the political variables and the change of the system and the bad economic situation, the sequences lead to collapse of the structures of salutation, and as a result of the deterioration of economic growth rates and thus the decline of development indicators and social, The hypotheses of research stated the used of tools and procedures of fiscal policy including the policies and programs of economic reform in Iraq may can contribute to achieving high progress of economic growth rates and thus achieve the desired economic development objectives, the research aims to a known the concept and financial policy tools, estimate econometrics model of economics growth function and followed the crises effects which leave it stumbled in developing Iraq path, The importance of research explained the role of financial policy tools in adopting the policy of improving the rates of economic growth on most of the major indicators in the Iraqi economy in order to find solutions to the problem of economic development suitable for the economic problems suffered by the Iraqi economy, including structural imbalances in the industrial and service sectors, the research adopted the shown theoretical approach and use of the quantitative approach and econometrics tools and formats for interpretation the studied Phenomena and verified statistically.