Analysis of the future orientation of financial sustainability in Kurdistan by adopting the net wealth standard
DOI:
https://doi.org/10.25007/ajnu.v6n2a43Keywords:
Economy, Financial sustainability, Standard Net WealthAbstract
The financial sustainability is one of important indicators and expresses the ability of state to insurance its financial needs and avoids the case of financial turbulence and can be expressed through a set of indicators track the nature of the state's economy and the progress reached by the stage. In the rentier state usually used the net wealth indicator and it takes into consideration debt variables, oil wealth, and essential stock as a ratio of GDP (Gross Domestic Product) without oil as a basic of determination the sustainability case in the country which is under study.
This paper tries to measure the orientation of this indicator in Kurdistan region for the period (2015 – 2035) to knowledge the future direction of financial sustainability in it. The paper concludes that the net wealth in the region will be negative until the year 2030, this is due to predominance the ratio of debt to the product to ratio of oil wealth to product until this year, after it the second ratio starts to exceed the first and implementing positive values to net wealth. Finally, the study recommended that the provincial government necessary to apply a tactic to development the oil revenues and reduces the debt in order to benefit significantly from oil revenues
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Copyright (c) 2017 Muhanad A. M. Al-Shalal, Abdulrazaq A. Hussien

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