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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    How Iraq's tripartite budget plan paves the way for a more stable economic and political future

    Rocky
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    How Iraq's tripartite budget plan paves the way for a more stable economic and political future Empty How Iraq's tripartite budget plan paves the way for a more stable economic and political future

    Post by Rocky Thu 23 Mar 2023, 4:25 am

    [size=45]How Iraq's tripartite budget plan paves the way for a more stable economic and political future
    33 minutes ago[/size]

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    Researcher Shatha Khalil*
    Last week, the Iraqi Council of Ministers, led by its Prime Minister, Muhammad Shia'a Al-Sudani, approved a draft of the general federal budget bill for a period of three years, making Al-Sudani the first prime minister to present such a project since the American occupation of Iraq until now.
    The political and economic debate increased, especially after the challenges faced by the political forces in order to reach an agreement and reach the formation of the Sudanese government, which some considered unacceptable and sparked widespread controversy..
    Here we will discuss in this article the economic analysis of this economic law in Iraq.
    A government budget is a financial plan that outlines projected government revenues and expenditures for a given period, usually a year. The budget is an essential tool for governments to allocate resources to various sectors of the economy, such as education, healthcare, defense, infrastructure, and social welfare programmes. It also reflects the government's priorities, goals and policies.
    The Iraqi government under al-Sudani chose for the first time to have a multi-year budget to provide greater certainty and stability to the planning process.
    Multi-year budgets can help ensure adequate financing for long-term projects and programs and avoid disruptions due to annual budget cycles.
    Properly building the state and ensuring stability can be some of the goals that the government aims to achieve through its budget. However, the effectiveness of budgeting in achieving these goals will depend on various factors, such as economic conditions, political climate, and implementation of policies and programs.
    A stable budget can bring various benefits to the country, including:
    Predictability: A stable budget provides a predictable source of funding for government programs and services, which can enable better planning and implementation of policies and initiatives. This can help create a more stable environment for businesses and individuals, which in turn can support economic growth and development.
    Increased Confidence: A stable budget can increase the confidence of investors, both domestic and foreign, in the country's economic prospects. This can lead to increased investment, which can create jobs and boost economic activity.
    Lower Borrowing Costs: A stable budget can help reduce borrowing costs for the government because it shows investors that the country is fiscally responsible and solvent. This can lead to lower interest rates on government bonds, which can save the government money on debt servicing costs.
    Credit Rating Improvement: A stable budget can help improve a country's credit rating, which can have a positive impact on a country's borrowing costs and overall economic outlook. A higher credit rating can make it easier for the government to borrow money in the international market.
    More transparency and accountability: A stable budget can increase transparency and accountability in government spending by providing a clear and predictable source of funding for government programs and services. It can also help ensure that taxpayers' money is used effectively and efficiently to achieve government priorities and goals.
    In conclusion.. In general, a stable budget is an essential component of the economic and social development of a country such as Iraq. It provides the necessary financial resources to support government programs and services and enables better planning and implementation of policies and initiatives.
    Economic Studies Unit / North America Office
    Rawabet Center for Research and Strategic Studies
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