Keywords : GDP
Volume 33, Issue 33, Pages 1-50
The Iraqi Government has prepared an Integrated National Energy Strategy with the supporting of the World Bank and under supervision of a committee of the Iraqi Council of Ministers in cooperation with the Ministries of Oil , Electricity, Planning , Finance, Industry, Mining and Environment to develop the energy sectors (Oil , natural gas) to increasing its production of crude oil and the establishment of new refineries to meet the growing demand for oil products, as well as the development of investment facilities associated and free natural gas , and providing employment opportunities and achieve huge financial returns to the public budget.
Study and Analysis of the Relationship Between public Expenditure and GDP and Its share in Achieving Economic Development in Iraq For Period (1975-2014)
Volume 33, Issue 31, Pages 119-162
Public expenditure has occupied a special importance in the financial studies , in that it is a way to satisfy the public needs and then they are considered as the administration which government depends on it in achieving its aspirations of progress and development in all fields of life. Therefore, the expenditure policy clearly reflects the aimed targets of the state, which seeks to promote the national economy to accelerate development and achieve stability and improved living standards for all citizens.
In other words, recent changes in the concept of public expenditure did not make it just only cash allocation but a tool used to achieve economic, social and political balance to investigate and raise the level of welfare of all members of society, that why economic literatures especially macroeconomic models have indicated to the existence of a relationship between public spending and domestic total output. This relationship has attracted the attention of a lot of economists and researchers.