أثر الدين العام الخارجي على (GDP عدا النفط)‎ في العراق للمدة 2004-2019

الملخص EN

The study aimed to clarify and measure the impact of external public debt on (GDP without oil) in Iraq for the period from (2004-2019), where the concept of external public debt was addressed and classified through its sources, and its negative and positive effects, as well as its development and analysis of the relationship between external debt and (GDP without oil) by using the official data of the Iraqi Ministry of Finance, the Ministry of Planning and the Central Bank of Iraq, and the ARDL model was used to measure the impact of external public debt on (GDP without oil).

The study concluded that there is no clear strategy for managing foreign debts, and that most of the amounts of foreign debts are spent on consumer purposes, military expenditures and covering salaries.

The results of the standard analysis revealed an inverse relationship between external public debt and (GDP without oil), and this is consistent with the hypothesis The research, but it does not coincide with the economic theory, and the reason is due to this as a result of the misuse of external debt and the restriction of its distribution to consumer spending and the non-distribution of the amounts of these loans to investment spending, which in turn leads to an increase in the employment of the elements of production, and the fulfillment of obligations resulting from the service of accumulated debts and financial corruption The administration led to a decline in GDP growth with an increase in external borrowing at the same time.