Financial Sustainability of Government Investment Programs in Iraq

Thaer Mahmoud Rashid,Sabah Jondy Mansoor

The financial sustainability is now a pressing requirement for all countries in light of economic imbalances in developing countries, including Iraq, where expansionary fiscal policies that are not based on future visions and without regard to sources of revenue and otherwise on sources of revenue are not sustainable, The size of the government debt to meet the requirements of those policies and in a way to override the rights of future generations and load them burdens of debt did not benefit from spending their assets. The government seeks to achieve a range of long-term economic goals that contribute to the welfare of its members and provide an environment suitable for the growth and development of their societies, and the way to this is the programs of the Convention implemented by the investment programs, which include a set of investment projects and for Governments to achieve their goals must be subject to projects (In addition to other assessments of priority and feasibility of the project) to demonstrate their contribution to enhancing the financial sustainability of the country. The purpose of this research is to analyze the reality of the government investment programs implemented in Iraq during the period of study and to indicate the directions of those programs and to clarify whether these programs contributed to enhancing the financial sustainability of the country or not, in addition to analysis financial sustainability indicators in Iraq during the study period, To investigate the spending policy within the government investment programs in the future, thus contributing to enhancing financial sustainability in Iraq and achieving the desired goals.

Volume 11 | 05-Special Issue

Pages: 2027-2042