Abstract

Analysis of the Impact of Debt Refinancing Mechanisms in Directing the General Budget in Iraq: Suggested Scenarios

Dr. Azhar Hasan Ali, Noor Abdul Razaq Abdul Wahaab

Volume: 13 Issue: 1 2023

Abstract:

Public debt represents one of the tools of financial policy that would have a positive or negative impact on the variables of economic activity, and its effect depends on the way it is used. Debt financing, as these mechanisms work to limit its increase by either changing the size of the debt (replacement or scheduling) or changing the creditors (securitization and investment), as these mechanisms have a major role in influencing the direction of the public budget by influencing its spending sides and revenue. The research concluded that there is a positive relationship between some debt refinancing mechanisms represented by (scheduling and indicators of public debt sustainability) and directing the general budget in Iraq. While the researcher suggested the need to implement the scenario presented in this research, even if partially, in order to reduce the public debt and move towards achieving guidance in the general budget.

DOI: http://doi.org/10.37648/ijrssh.v13i01.051

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