The Double Deficit in Iraq: A Study of its Determinants and Economic and Financial Effects

Abstract

The research aims to measure and analyze the double deficit (current account deficit and general budget deficit) in Iraq. The research aims to know the extent of the relationship between the budget deficit and the current account deficit, clarify the concept of the double deficit from the point of view of different economic schools, and analyze the structure of the budget deficit and current account deficit for selected countries. Special reference to Iraq, and finally measuring the impact of the relationship between the double deficit (budget deficit and current account deficit), as the world’s economies have witnessed continuous economic, social and political fluctuations and imbalances that have left effects on the economic structure, and the potential effects of the double deficit on economic growth are still a subject of discussion and controversy among economists and thinkers. Through various economic theories despite the increased use of modern standard models, the research was based on the hypothesis of determining the nature of the relationship between the budget deficit and the current account deficit for the selected countries.