Financial Policy And Its Role In Achieving Economic Development In Iraq For The Period (2010-2017)

2020 ◽  
Vol 2020 (64) ◽  
pp. 50-75
Author(s):  
Dr. Nasir Muhammad ◽  
Falah Thamer ◽  
Muhammead Rsoll
Keyword(s):  
Economic Development ◽  
Financial Policy

scholarly journals THE IMPACT OF TAX GAPS ON THE FINANCIAL AND ECONOMIC SECURITY OF THE COUNTRY

2021 ◽  
Author(s):  
Inna Tiutiunyk ◽  
Julia Belous
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Tax Evasion ◽  
Negative Impact ◽  
Economic Security ◽  
Financial Policy ◽  
Important Place ◽  
Complex Concept ◽  
Tax Revenues ◽  
The Impact

Trends in the development of the main components of financial and economic security of the country indicate their significant variability and dependence on a combination of internal and external factors. An important place among the drivers of influence on the level of financial and economic security is occupied by tax revenues. Given the prolonged national and transnational market turbulence, which is observed in most sectors of the economy, one of the biggest threats to the financial and economic security of most countries is the presence of a significant volume of shadow operations. The consequences of their implementation are the lack of tax revenues in the budget and the reduction of the country's financial viability in financing economic development programs. The purpose of the article is to study the impact of tax gaps on the level of financial and economic security of the country. In the paper, the essence of the financial and economic security of the country, which is proposed to be understood as a complex concept, integrates the features of economic and financial development of the economic system. Based on the systematization of scientific literatures, the main tasks and functions of financial and economic security of the country including realization of goals and objectives of financial policy and formation of favorable conditions for economically sustainable development and growth, highlights the characteristics of this concept are substantiated. The paper identifies three characteristic features of the financial and economic security of the country: as an indicator of its ability to protect the interests of society in a volatile external and internal environment; economically sustainable development and growth; leveling threats to the internal and external environment. The role of tax gaps in reducing the level of financial and economic security of the country is substantiated, the probability of formation of tax gaps in the economy is predicted, measures to minimize tax evasion as components of increasing its financial and economic security are proposed. The established interdependencies should serve as a basis for the transformation of state economic and financial policy in Ukraine in terms of minimizing the negative impact of the shadow sector of the economy on the indicators of economic development of the state.

scholarly journals Methods of the Fiscal Mechanism for Regulating the Investment Development of the Ukrainian Economy

2020 ◽  
pp. 71-76
Author(s):  
Viktoriya Rudenko ◽  
Keyword(s):  
Economic Development ◽  
National Economy ◽  
Financial Policy ◽  
Investment Activity ◽  
Economic Issues ◽  
Theoretical Approaches ◽  
Scientific Substantiation ◽  
Definition Of ◽  
And Control ◽  
Financial Mechanism

In market conditions, one of the main regulators of economic development is the financial mechanism, a key element of which is the fiscal mechanism for regulating the national economy investment development. Currently, the methods of the fiscal mechanism are not used effectively enough in Ukrainian practice, as evidenced by the low investment attractiveness of the economy and weak investment activity of economic entities. Therefore, the definition of the essence and components of methods of the fiscal mechanism is currently among the important financial and economic issues, the scientific substantiation of which largely depends on the economy investment development. The article is devoted to the study of theoretical approaches to the functioning of the methods of the financial mechanism and on this basis to determine the content and composition of the methods of the fiscal mechanism. It was determined that there are various approaches to understanding the essence of financial methods (as means, forms, methods, rules) and three conceptual approaches to the interpretation of the methods of financial mechanism: management (considers the methods of financial mechanism as processes in which implementation of financial policy); organizational (treats the methods of the financial mechanism as a means of organizing financial relations, which are formed in the process of implementing financial policy); complex (characterizes the methods of the financial mechanism as a process of organizing financial relations to achieve the objectives of financial policy). As a result of research of theoretical bases of functioning of financial methods the essence of methods of the fiscal mechanism of regulation of national economy investment development was substantiated. The main methods of the fiscal mechanism were identified, including planning, organization and control. The basic requirements to functioning of methods of the fiscal mechanism of regulation of the national economy investment development were considered.

scholarly journals Options of Intergovernmental Fiscal Relations Reform in the Ukraine

Ekonomika ◽  
2009 ◽  
Vol 85 ◽  
pp. 19-28
Author(s):  
Inna Lunina
Keyword(s):  
Public Finance ◽  
Economic Growth ◽  
Economic Development ◽  
Local Government ◽  
Active Role ◽  
Financial Policy ◽  
Central State ◽  
Intergovernmental Fiscal Relations ◽  
Socio Economic Development ◽  
Distribution Of Powers

Reform of the system of public finance is a key problem in the transformation processes of the Ukraine’s economy. Development of efficient methods of financial policy is especially important in the context of strategic challenges of economic growth, the competitiveness of the national economy, and convergence of the level of socio-economic development between different regions of the country. Most elements of the modern system of the Ukraine’s public finance were formed as far back as during the Soviet era, under the conditions of command and administrative economy, when neither the state budget, nor the local ones played any active role, but were a mere monetary reflection of the plans of socio-economic development. On the other hand, in market economies, public finance plays an important role in the provision of economic growth and efficient use of national economic resources, as well as in the solution of the problems related to social equity.During recent years, the attempt to reform intergovernmental fiscal relations in the Ukraine have failed either to create a well-balanced system for the distribution of powers between central state authorities and local government, or to elaborate adequate and transparent mechanisms for the formation of local budgets. The reason is that most problems of the local budgets are mostly treated by policy makers and local authorities in the context of the need to provide local budgets with “sufficient” financial resources.We emphasize that creation of an efficient budget system is not limited to a mere re-distribution of revenues between central and local budgets. Investigation of theoretic and methodological foundations of the development of the components of the system of public finance and intergovernmental fiscal relations in the Ukraine let us conclude that such development should be based on the use of economic principles and criteria as to the distribution of powers between the central authorities and local government. Furthermore, a consistent fiscal policy is needed, which would promote not only the convergence between the local budgets’ expenditures, but also, and first of all, the regions’ socio-economic development.

scholarly journals Pengaruh Intangible Assets Terhadap Nilai Perusahaan Melalui Kebijakan Keuangan dan Pertumbuhan pada Perusahaan Manufaktur di BEI

2018 ◽  
Vol 1 (2) ◽  
pp. 348-353
Author(s):  
Ira Erminda Daulay ◽  
Isfenti Sadalia
Keyword(s):  
Economic Development ◽  
Fiscal Policy ◽  
Path Analysis ◽  
Competitive Strategy ◽  
Intangible Assets ◽  
Financial Policy ◽  
Company Value ◽  
Growth Policy ◽  
Positive Impacts

Perkembangan dalam bidang ekonomi membawa dampak perubahan yang cukup signifikan terhadap pengelolaan suatu bisnis dan penentuan strategi bersaing.Oleh karena itu, organisasi semakin menitikberatkan pentingnya intangible assets agar perusahaan mampu bertahan dalam ketatnya persaingan. Penelitian ini juga bertujuan untuk mengetahui pengaruh intangible assets terhadap nilai perusahaan dengan kebijakan keuangan dan pertumbuhan perusahaan sebagai variabel intervening. Teknik analisis data yang digunakan adalah analisis jalur (path analysis). Hasil penelitian menunjukkan bahwa intangible assets berpengaruh positif dan signifikan terhadap nilai perusahaan. Intangible assets berpengaruh positif dan signifikan terhadap kebijakan keuangan. Intangible assets berpengaruh positif dan signifikan terhadap pertumbuhan perusahaan. Kebijakan keuangan berpengaruh positif terhadap nilai perusahaan, namun pengaruhnya tidak signifikan. Pertumbuhan perusahaan berpengaruh positif dan signifikan terhadap nilai perusahaan. Intangible assets berpengaruh positif terhadap nilai perusahaan melalui kebijakan keuangan dan juga pertumbuhan perusahaan, namun pengaruhnya tidak signifikan. Kesimpulan atau hasil akhir dari penelitian ini bahwa ada 4 variabel yang berpengaruh secara signifikan yaitu, pengaruh intangible assets dan pertumbuhan perusahaan terhadap nilai perusahaan, dan pengaruh intangible assets terhadap kebijakan keuangan dan pertumbuhan perusahaan.   The economic development brings the significant impact of changes to the management of a business and competitive strategy. Thus, the organization emphasizes more to the importance of intangible assets so that the company can survive in hard competition. This research aimed to find the effects of intangible assets towards the company’s value through the company’s financial and growth policy as the intervening variable. The data analyzing technique used in this research was path analysis. The result of this research showed that intangible assets had positive and significant impacts on the company’s value. Intangible assets gave positive and significant impacts on the company’s financial policy. Intangible assets gave positive and significant impacts on the company’s growth. The financial policy gave positive impacts to the company value, but the impacts were not significant. The company’s growth gave positive and significant impacts on company value. Intangible assets gave positive impacts on the company’s value through fiscal policy and the company’s growth, but the impacts were not significant. It can be concluded in this research that there were 4 variables which gave significant impacts, they were the intangible assets impacts, the company’s growth towards the company’s value, the intangible assets impacts towards fiscal policy, and the company’s growth

EFFECTS OF A PUBLIC DEBT AND DEFICIT BUDGET

2018 ◽  
Vol 8 (2) ◽  
pp. 140-144
Author(s):  
Daniel Szybowski
Keyword(s):  
Economic Development ◽  
Public Debt ◽  
Budget Deficit ◽  
Foreign Capital ◽  
The State ◽  
Financial Policy ◽  
Foreign Investments ◽  
State Budget ◽  
The Public ◽  
High Level

The aim of the article is to present a problem concerning the effects of the public debt and the budget deficit. The public debt is a result of the lack of adequate income earned by the financial sector, what means that it must incur liabilities to be able to carry out its tasks or improper management of the state budget funds - what results in the budget deficit. The size of the state's debt and the public debt has a very large impact on the socio-economic situa-tion of the country as well as on its financial policy. Due to the high indebtedness of the state, the whole economy is disturbed, the state authorities are not able to allocate an adequate amount of the funds to stimulate invest-ments. Such actions slow down the dynamics of economic development, what means that the state authorities most often look for savings. Unfortunately, this usually happens at the expense of the ordinary(?) citizens. Countries that have a high level of the debts tend to lose their credibility internationally. This may result in the fall in the foreign investments and the outflow of the foreign capital.

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