Fiscal policy and its competition with the private sector in Iraq during the period (2004-2022) Fiscal policy and its competition with the private sector in Iraq during the period (2004-2022)

Abstract

  The research aims to clarify the impact of financial policy tools in the private sector. After (2003), and due to the political, economic and social conditions ,In  Iraq followed, expansionary financial policy with unclear demands and goals through the continuous increase in public spending, in exchange for weak tax revenues to finance this. Expansion forces the state to resort to financial sources of financing, which reflects negatively on the private sector and weakens its financial ability to invest. The research also reached a number of conclusions, namely that increasing government expenditures in Iraq could lead to crowding out private investment expenditures, which reduces the role of the private sector in economic development, and also when government taxes are imposed unfairly, it may increase the burden on small and medium-sized companies compared to large companies, this affects competition and competitiveness in private sector.