Analysis of the future orientation of financial sustainability in Kurdistan by adopting the net wealth standard

Authors

  • Muhanad A. M. Al-Shalal College of Economics and Administrative,Department of Economics, Nawroz University, Duhok, Kurdistan-Iraq
  • Abdulrazaq A. Hussien College of Economics and Administrative,Department of Economics, Nawroz University, Duhok, Kurdistan-Iraq

DOI:

https://doi.org/10.25007/ajnu.v6n2a43

Keywords:

Economy, Financial sustainability, Standard Net Wealth

Abstract

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

Downloads

Download data is not yet available.

References

اسماعيل، هيوا عثمان، (2014 )، تحليل أثر تقلبات سعر الصرف الاجنبي في الموازنة العامة لإقليم كوردستان –العراق للمدة (1997-2013)، رسالة ماجستير، قسم الاقتصاد ، كلية الادارة والاقتصاد ، جامعة صلاح الدين – اربيل.

الدوسكي، ازاد أحمد سعدون، (2013 )، واقع قطاع النفط في اقليم كوردستان العراق، مجلة جامعة نوروز – العدد الاول.

حاجي، بروين مصطفى حاجي، (2016)، دور الصناديق السيادية في دعم الاستدامة المالية وامكانية تطبيقها في اقليم كوردستان ، رسالة ماجستير غير منشورة ، قسم الاقتصاد ، كلية الادارة والاقتصاد ، جامعة دهوك ، دهوك.

حكومة اقليم كوردستان، (2011 )، وزارة التخطيط ، خطة التنمية الاستراتيجية لإقليم كوردستان للسنوات 2012-2016 ، أربيل.

حكومة اقليم كوردستان ، وزارة المالية والاقتصاد ، دائرة الموازنة .

حكومة اقليم كوردستان ، وزارة النفط والموارد ، الاحصاءات.

مجلس النواب في اقليم كوردستان ، اللجنة المالية ، بيانات غير منشورة.

محمد، أيوب أنور، وسردار عثمان، (2015)، تحليل الاستدامة المالية في اقليم كوردستان –العراق ، مجلة جامعة الانبار للعلوم الاقتصادية والادارية ، المجلد (7) ، العدد (13).

وزارة التخطيط في العراق ، الجهاز المركزي للإحصاء وتكنلوجيا المعلومات ، المجاميع الاحصائية لسنوات مختلفة .

Santiso، J. (2008), Sovereign Development Funds: Key financial actors of the shifting wealth of nations، OECD Emerging Markets Network Working Paper، OECD.

محمد م. ع., & سعيد ع. ع. ا. (2019). Analyzing current and future direction of non-oil primary balance: Case Study of Iraq Using Exponential Smoothing model. Journal of Economics and Administrative Sciences, 25(113), 445–461. https://doi.org/10.33095/jeas.v25i113.1706

Downloads

Published

2017-06-26

How to Cite

Al-Shalal, M. A. M., & Hussien, A. A. (2017). Analysis of the future orientation of financial sustainability in Kurdistan by adopting the net wealth standard. Academic Journal of Nawroz University, 6(2), 58–67. https://doi.org/10.25007/ajnu.v6n2a43

Issue

Vol. 6 No. 2 (2017)

Section

Articles

License

Copyright (c) 2017 Muhanad A. M. Al-Shalal, Abdulrazaq A. Hussien

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Authors retain copyright

The use of a Creative Commons License enables authors/editors to retain copyright to their work. Publications can be reused and redistributed as long as the original author is correctly attributed.

 

  1. Copyright

 

  1. The researcher(s), whether a single or joint research paper, must sell and transfer to the publisher (the Academic Journal of Nawroz University) through all the duration of the publication which starts from the date of entering this Agreement into force, the exclusive rights of the research paper/article. These rights include the translation, reuse of papers/articles, transmit or distribute, or use the material or parts(s) contained therein to be published in scientific, academic, technical, professional journals or any other periodicals including any other works derived from them, all over the world, in English and Arabic, whether in print or in electronic edition of such journals and periodicals in all types of media or formats now or that may exist in the future. Rights also include giving license (or granting permission) to a third party to use the materials and any other works derived from them and publish them in such journals and periodicals all over the world. Transfer right under this Agreement includes the right to modify such materials to be used with computer systems and software, or to reproduce or publish it in e-formats and also to incorporate them into retrieval systems.

 

  1. Reproduction, reference, transmission, distribution or any other use of the content, or any parts of the subjects included in that content in any manner permitted by this Agreement, must be accompanied by mentioning the source which is (the Academic Journal of Nawroz University) and the publisher in addition to the title of the article, the name of the author (or co-authors), journal’s name, volume or issue, publisher's copyright, and publication year.

 

  1. The Academic Journal of Nawroz University reserves all rights to publish research papers/articles issued under a “Creative Commons License (CC BY-NC-ND 4.0) which permits unrestricted use, distribution, and reproduction of the paper/article by any means, provided that the original work is correctly cited.

 

  1. Reservation of Rights

The researcher(s) preserves all intellectual property rights (except for the one transferred to the publisher under this Agreement).

  1. Researcher’s guarantee

The researcher(s) hereby guarantees that the content of the paper/article is original. It has been submitted only to the Academic Journal of Nawroz University and has not been previously published by any other party.

In the event that the paper/article is written jointly with other researchers, the researcher guarantees that he/she has informed the other co-authors about the terms of this agreement, as well as obtaining their signature or written permission to sign on their behalf.

The author further guarantees:

  • The research paper/article does not contain any defamatory statements or illegal comments.
  • The research paper/article does not violate other's rights (including but not limited to copyright, patent, and trademark rights).

This research paper/article does not contain any facts or instructions that could cause damages or harm to others, and publishing it does not lead to disclosure of any confidential information.