دور التنسيق بين السياستين المالية والنقدية في الحد من ظاهرة الفقر-تجارب دول مختارة مع أشاره خاصة للعراق

Rp-The role of coordination between the two fiscal and monetary policies in reducing the phenomenon of poverty - the experiences of selected .pdf

Coordination between fiscal and monetary policy can play an important role in reducing poverty. If a monetary policy aimed at maintaining price stability is implemented, excessive inflation will be curtailed and then economic stability will be achieved, But if these policies are not coordinated with fiscal policy, economic growth can lead to increased spending and inflation, Which may increase poverty rates. Some called it mutual influences, which made the possibility of conflict between them, After that, the modern economy has concluded that every action taken by the fiscal policy has its effects on the operations of the monetary policy, and vice versa, Especially since the monetary and fiscal policies have different goals, which led to the emergence of a conflict in the application of the monetary and fiscal policies, which disappoints the hopes of both of them in achieving their goals, Weakness in the position of one of the two policies will reduce the effectiveness of the other policy, which will sooner or later affect the achievement of the overall objectives of the economy, Among them is the reduction of poverty, so coordination is necessary.
The research attempted to identify the role of fiscal and monetary policies in affecting the phenomenon of poverty in Algeria and Egypt, with the possibility of benefiting from it in Iraq, especially since Algeria and Egypt are economies somewhat similar to the economy of Iraq, Algeria relies heavily on oil and gas and is a major exporter to global markets, while the Egyptian economy lived through conditions similar to Iraq’s political, social and economic conditions.
The research reached a number of conclusions, perhaps the most prominent of which is that achieving the economic goals of price stability and growth requires achieving an ideal mix of policies that aim to complement each other , This means creating better coordination between both fiscal and monetary policy in order to ensure high and sustainable economic growth with price stability, and that the problem of poverty is one of the most complex problems facing decision-makers in Iraq , Despite the adoption of successive governments strategies to address poverty, they did not go towards building or preparing a base for launching, but the funds were distributed directly to some segments, The large increase in Iraqi public expenditures was directed towards operating expenditures significantly, and this was at the expense of investment expenditures.
Accordingly, the research recommends the need for coordination between the central bank as the body responsible for implementing the objectives of monetary policy and the rest of the government agencies responsible for drawing and implementing financial policy, commercial policy and exchange rate policy within the framework of the general economic policy of the state , Agreeing on economic goals such as the growth rate and inflation rate, determining the time frame for implementation, and finding a method to ensure effective implementation and follow-up implementation, And work to establish a database of individuals who are below the poverty line, Reducing the volume of operating expenses in the Iraqi general budget and raising the proportion of investment expenditures in order to expand the operational base and create job opportunities for the idle workforce to reduce the phenomenon of poverty.