Assessing the implementation of the fiscal rules in oil producing countries- a case study of Iraq

فهد, ايسر ياسين

doi:10.34009/aujeas.2017.132893

	Assessing the implementation of the fiscal rules in oil producing countries- a case study of Iraq
مجلة جامعة الانبار للعلوم الاقتصادیة والاداریة
Article 1, Volume 9, Issue 18, 2017, Pages 388-407 PDF (0 K)
Document Type: بحث
DOI: 10.34009/aujeas.2017.132893
Author
ايسر ياسين فهد
Abstract
Fiscal sustainability is a central tenet of fiscal rules adopted by European Monetary Union (EMU), which was followed shortly by a Treaty of Maastricht and the Stability and Growth Pact introduced a detailed framework of rules; it is a precondition for financial and monetary stability. Budgetary flexibility is needed for stabilization policy. oil revenue accounts for the majority of government revenue in most of oil producing countries including Iraq, thus ensuring that fiscal policy is on a sustainable path is a high priority. This paper is aiming to study the deviation results in oil-exporting countries as a result of the income earned by what are the changes in these rules as a result of those revenues, and to what extent managed fiscal policy and the support of monetary policy to access to digital border financial rules agreed as international standards
Keywords
Fiscal policy; fiscal rules; debt ceiling; fiscal consolidation

References

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