Volume 17, No. 1, 2020
The Impact Of Fiscal Discipline Rules On Economic Growth In Selected Countries
Dr: Farhan Mohammed Hasan
Abstract
The aim of our study was to show what the rules of fiscal discipline are, and the extent to which they can be employed to achieve fiscal discipline in renter countries that are exposed to double shocks and that this problem lies in the fact that renter economies, including Iraq, are exposed to external shocks easily; because of the presence of a single commodity on the export side, with the multiplicity of imported goods that drain large funds to fill the shortage of domestic production and to surround the problem of the study, the study adopted the borders of the United Arab Emirates, Saudi Arabia and Iraq for the period 2005-2019 using The methodology of analyzing the data available in the sample countries, where the study showed that there is a noticeable development in the United Arab Emirates in controlling financial discipline and increasing the contribution of non-oil revenues to public revenues, and Saudi Arabia comes after the UAE in this aspect, but Iraq's reluctance to control financial discipline due to the mismanagement of public money, not to mention its exposure to political conditions and the war of Daesh and through the data available to us We find that these countries UAE, Iraq and Saudi Arabia maintained by 30.46, 39.95 and 33.78 respectively from the ratio of public revenues to output and maintained the UAE, Iraq and Saudi Arabia 29.36, 37.19 and 29.95 respectively from the ratio of public expenditures to output and these countries maintained respectively 1.03, 2.44 and 3.82 the ratio of surplus budget to output and 6.05, 6.60 and 3.02 of the ratio of current account surplus to output achieving acceptable rates of GDP growth Except for the years of fluctuation in oil prices following the decline in global oil prices caused by economic cycles and the Coronavirus crisis.
Pages: 600-612
Keywords: Fiscal discipline includes a set of rules through which it is possible to create a stable and sustainable financial environment in order to avoid countries from fiscal deficits, which causes the economy to bear large costs that exceed the economy's abilit