Iraq: Selected Issues

Iraq: Selected Issues
ISBN-10
1484314999
ISBN-13
9781484314999
Series
Iraq
Category
Business & Economics
Pages
30
Language
English
Published
2017-08-09
Publisher
International Monetary Fund
Author
International Monetary Fund. Middle East and Central Asia Dept.

Description

This Selected Issues paper discusses the need to reduce Iraq’s current expenditure to create fiscal space for inclusive growth. Iraq’s public spending is high in international comparison and is driven by its two largest components: compensation of public employees and social transfers. The reform of social welfare cash transfer programs promises to improve their large targeting errors and result in greater capacity to address poverty at a lower fiscal cost. The government also needs to introduce further amendments to the draft pension bill and critically review programs benefiting victims of war and political persecution to improve their targeting and limit their potential for abuse and a negative impact on the labor supply.

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