The reflection of government debt policy on the foreign currency reserves in the Central Bank of Iraq for the period (2005-2022)

Abstract

The current study seeking to analyze the impact of government debt policies resulting from the increased financing gap of  public expenditures, which represents the core of the work of fiscal policy and reflects its impact on monetary policy, especially foreign currency reserves, The statistical program (Eviews12) was used to measure The  attitude relationship of and correlation between the variables of government debt policy (domestic debt, external debt) and the independent variable (foreign currency reserves). To achieve the goal of the study, the study dealt of methodology of the study, the problem of the fiscal deficit policy, the gap between public expenditures and public revenues, and the development of domestic savings. Financing the deficit through government debt. And include presenting the theoretical aspect and included government debt policy and the repercussions of government debt on economic activity and foreign reserves. As for the practical aspect  concentrate of estimating the impact and correlation between independent variables and foreign currency reserves and the extent of their compatibility with financial theory and economic.