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Abstract

The study aimed to identify the impact of financial policy tools in achieving economic growth and to show the most important causes and factors of imbalances in the performance of financial policies in Sudan. The problem of the study was mainly represented in the financial imbalance represented by the deficit in the general budget resulting from the huge difference between public revenues and public expenditures, in addition to the ineffectiveness of financial policy tools, which led to an excessive expansion in printing more new money, and this led to a rise in the general level of prices (inflation), which was reflected in the slowdown in economic growth rates, The importance of the study stems from the urgent and pressing need to research this modern topic and the fact that its results and recommendations are of benefit to researchers, academics and decision-makers, The study followed the descriptive analytical approach, the historical approach, the inductive approach, and the statistical approach, The study came out with a number of results, the most important of which are: The results of estimating the autoregressive distributed lag (ARDL) model in the long run showed the existence of statistically significant relationships between GDP growth and each of taxes, public spending, and public debt. It became clear that both public revenues (taxes) and public spending have significant and positive effects on economic growth in the long run, The study presented a number of recommendations, including: the necessity of enhancing the growth of the gross domestic product and making it high and sustainable by increasing production and productivity of the economic sectors (agricultural, industrial, service) Expanding and diversifying the tax base to increase public revenues, meet the increase in public spending, and control and rationalize government spending so as not to create a large deficit in the general budget Public debt management is being pursued in two parallel directions: the first is to find optimal ways to repay the debt, while not resorting to indebtedness except when absolutely necessary, and the second is to reach the point of completion in accordance with the HIPC initiative.