- Author : Fouad Abd Ul-Mohsen AlJeburi
- Publisher :
- Release : 2023
- ISBN :
- Pages : 0 pages
The Impact of Borrowing Costs on Economic Growth Rates and Achieving Sustainable Development in Iraq
Download or read book The Impact of Borrowing Costs on Economic Growth Rates and Achieving Sustainable Development in Iraq written by Fouad Abd Ul-Mohsen AlJeburi and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The research aims to demonstrate the impact of borrowing costs on economic growth rates, and achieving sustainable development in Iraq for the period between 2020-2018, according to the content of International Accounting Standard No (23) on borrowing costs, which was adopted by the International Accounting Standards Board in April 2001, and issued by the International Accounting Standards Committee In December 1993, according to which the borrowing costs used to acquire, construct or produce assets are considered to be part of the cost of that assets, and other borrowing costs - interest and other costs related to the borrowing of funds - are recognized as an expense. In order to address the research problem, achieve its objectives and reach the desired results, in writing the research, the inductive approach was adopt in the theoretical aspect, and the analytical approach was adopted in the practical aspect to reach the results. One of the most important results that have been reached is; The increase in the total public debt in 2020 to 112 billion dollars, after it was 78 billion dollars in 2019, and as a result, the ratio of the total public debt to the GDP has also increased significantly from 33% in 2019 to 66.5% in 2020. The research concluded to the resort to borrowing without realizing a real economic return was due to the weakness of the fiscal policy, and the failure to achieve an optimal financial structure. There is also an inverse relationship between (borrowing and economic growth rates of the country, borrowing costs, and sustainable development).