THE IMPACT OF REAL-TIME DISCLOSURE OF GOVERNMENT PROCUREMENT VIA DISTRIBUTED LEDGER TECHNOLOGY ON THE COST OF BANK FINANCING FOR PUBLIC PROJECTS

Abstract

"The objective of this study is to analyze the impact of real-time public procurement disclosure through distributed ledger technology (DLT) on reducing the cost of bank financing for public projects in Iraq The importance of this research stems from the growing need to increase financial transparency and reduce information asymmetry between government entities and the banking sector, thereby reducing credit risk and funding a descriptive research." methodology such as An applied field design combining quantitative and qualitative approaches is supported. Data were collected through a structured questionnaire from a sample of 165 senior and middle managers from three major Iraqi banks (Al-Rafidin, Al-Rashid and Trade Bank of Iraq) that finance public projects. Used multiple linear regression and F/T tests to validate the study hypotheses. Had gone The findings show that real-time disclosure via DLT significantly reduces funding costs (α ≤ 0.05) by improving transparency and shortening contract verification cycles. Furthermore the availability of immutable, time-stamped purchasing data increased banks' trust in public agencies The study recommends that Iraq's Ministry of Finance and public procurement authorities improve the security of digital data and government and adopts a pilot DLT-based tender and contract management system with a legal framework to integrate banking platforms