Download or read book Saudi Government Revenues and Expenditures written by A. Aldukheil and published by Springer. This book was released on 2013-11-11 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Will history repeat itself, leaving Saudi Arabia to face another financial crisis due to drastic overspending and/or a dramatic drop in oil revenue? If the situation remains on its current trajectory, by 2030 government debt due to rising expenditures over revenues will be too overwhelming for the government to cope with.
Download or read book Economic Growth and Government Spending in Saudi Arabia written by Mr.Saad A. Alshahrani and published by International Monetary Fund. This book was released on 2014-01-13 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically examines the effects of different types of government expenditures, on economic growth in Saudi Arabia. We use different econometric techniques to estimate the short- and long-run effects of these expenditures on growth and employ annual data over the period 1969-2010. Our findings indicate that while private domestic and public investments, as well as healthcare expenditure, stimulate growth in the long-run, openness to trade and spending in the housing sector can also boost short-run production. These findings draw some policy implications for Saudi policymakers on maximizing the returns of the government spending on economic growth.
Download or read book Saudi Arabian Revenues and Expenditures written by Donald A. Wells and published by . This book was released on 1974 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The impact of government expenditure on non oil GDP in Saudi Arabia written by Gabby Ian and published by GRIN Verlag. This book was released on 2022-06-20 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academic Paper from the year 2022 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A, The Florida State University, language: English, abstract: Government expenditure refers to the money the public sector or the government spends on providing services such as education and the acquisition of essential goods and services. It entails interest payments, transfer payments, and government consumption categories. In this connection, the government has been developing policies that will make the economy more diversified and thus more stable. The policies aim to strengthen other sectors of the economy to make them profitable enough to contribute to its exports. The government of Saudi Arabia has been formulating and implementing favorable policies that will attract investors and create manufacturing firms in the country. The non-oil industry has not been taking part in developing the country's economy. The impact of other industries on the economy has not been felt as it should have. According to World Bank statistics from 2011 to 2013, the country's economic performance has been going down to fluctuating prices for oil in the world market. Other sectors in the industry have not been active enough to protect the nation's Gross Domestic Product from going down, as they are not well established. According to World Bank Information, the growth rate of Saudi Arabia from 2002 to 2013 has not been steady. The economy's stability depends on the value of products from Saudi Arabia in the international market. The country has had to invest more in its local manufacturing industries to guarantee stable economic growth. One sector the country has invested in to ensure the non-oil industry makes a significant contribution to the growth and development of the economy is encouraging entrepreneurs to set up non-oil commercial activities. Industrialists will help diversify the industry; in the process, more revenue will be generated, which will be used to develop the economy. The value of non-oil products has been increasing as entrepreneurs invest more in the industry, intending to produce high-quality goods that can compete with goods from other countries in the world market. Entrepreneurs are drivers of innovation, which will transform the economy, making it more vibrant, just like developed nations' economies. In this regard, this paper examines the impact of government expenditure on non-oil GDP in Saudi Arabia.
Download or read book Saudi Arabia written by and published by . This book was released on 1987 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Saudi Government Revenues and Expenditures written by A. Aldukheil and published by Springer. This book was released on 2013-11-11 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Will history repeat itself, leaving Saudi Arabia to face another financial crisis due to drastic overspending and/or a dramatic drop in oil revenue? If the situation remains on its current trajectory, by 2030 government debt due to rising expenditures over revenues will be too overwhelming for the government to cope with.
Download or read book Saudi Arabia RLE Saudi Arabia written by Middle East Research Institute and published by Routledge. This book was released on 2020-07-26 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The MERI Reports on the Middle East quickly established themselves as the most authoritative and up-to-date information on the state of affairs in the region. This study, focusing on Saudi Arabia was fist published in 1985, provides vital analysis of the political and economic issues affecting the country. It combines a crisp and incisive survey of the politics and economy of the country, as well as providing statistical material on all the key data of the political economy. 1. Background 2. Political Analysis 3. Economic Analysis 4. Saudi Arabian Statistical Appendix
Download or read book Saudi Arabia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2019-09-09 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation with Saudi Arabia discusses that reforms are starting to yield positive results. Oil prices and production have been volatile, and uncertainties in the global oil market continue. Promoting non-oil growth and creating jobs for Saudi nationals remain key challenges. Non-oil growth is expected to strengthen further this year and over the medium term. Risks to the growth outlook are broadly balanced. The fiscal deficit declined in 2018; however, higher government spending has increased medium-term fiscal vulnerabilities to a decline in oil prices. Fiscal consolidation is needed to reduce these vulnerabilities. The fiscal framework should be further strengthened to help reduce the procyclicality of government spending. Reforms to improve the business environment are proceeding but need to be complemented by efforts to increase the cost competitiveness of Saudi labor. Government support to develop sectors of the economy should crowd in the private sector and be timebound and linked to performance.
Download or read book Saudi Arabia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2018-08-24 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issues
Download or read book The Relative Strength of Fiscal and Monetary Policy in Saudi Arabia written by and published by . This book was released on 1988 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early 1960s Milton Friedman and David Meiselman(1) undertook a series of statistical comparisons of several simple forms of Keynesian and Quantity Theory models. While their results came under sharp criticism(2), their results clearly demonstrated that in the United States at least, money rather than autonomous expenditures provides a better explanation of changes in monetary income. Given its assumption of relatively flexible prices and the development of a fairly sophisticated financial system, the quantity theory would with the exception to some of the Newly Industrializing countries such as Singapore, and Taiwan, seem to be more applicable to the advanced industrialized nations. On the other hand the Keynesian model with its underlying assumptions of price rigidity, factor immobility, and underdeveloped capital markets, would seem to be more appropriate for depicting the relative strength of fiscal variables in the developing countries(3). Intuitively, given the importance of oil revenues and government expenditures as a driving force in the Saudi Arabian economy, one might expect that monetary expansion would at most play secondary role in inducing expenditures(4). For example Kernan and Malik argue that in the Saudi Arabian context(S): Real income is dependent (as of the late 197(05) upon the ability to import goods and services rather than the ability to produce goods and services (other than oil); 2. Government spending, even with a budget surplus, can still imply stimulative fiscal policy because most government revenues comes from abroad; and 3. Stimulative fiscal policy leads directly to an increase in the money supply because of the underlying structure of the country's financial markets i.e., their general underdevelopment. In fact, several observers have even gone so far as to refer to the Saudi Arabian economy as one of the purest present day examples of a classic Keynesian type economy.
Download or read book Deducing Budgetary Priorities in Saudi Arabia The Impact of Defense Expenditures on Allocations to Socio Economic Programs written by and published by . This book was released on 1992 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1990 Saudi budget, set at just over that for 1989, and the 1990-95 five year plan, with spending targets on the current price equivalent of five times the 1990 budgetary figure, indicate fairly clearly that Saudi Arabia's days of priming the non-oil economy are essentially over, but that its commitment to price stability remains. The five year plan has proposed growth targets averaging 3.2 percent a year between 1990 and 1995, roughly in line with what might be expected to be the population growth rate. The oil sector is expected to grow at a real rate of 2.7 percent a year, but the oil and gas sector combined by only 2.2 percent. The domestic non-oil economy is expected to grow at 3.6 percent. The overall growth rate in the non-oil sectors is likely to improve when the contraction in government services has flattened out. Over the medium term, the plan's spending targets suggest a very heavy bias towards defense, social services, and Subsidies, with extra revenue to be used to rebuild reserves. As with the 1989 budget, the government's 1990 spending plans anticipate that increased overall revenues would reduce, the government's borrowing needs, eliminating the necessity for any further reductions in the country's foreign reserves. The intention of the budget is to increase the already large human resources development. To meet this objective, reductions in funding must be made in most other sectors. However, these cuts have been minimized in the areas of defense, administration, health and social development.
Download or read book A Guide to the Saudi Arabian Economy written by John R. Presley and published by . This book was released on 1984 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: General study of economic and social development in Saudi Arabia, featuring business information - covers structural changes and performance in the petroleum industry and other industrial sectors; includes industrialization policy and problems, trade, development aid, education, health, social services, the law, historical and geographical aspects, etc. Graphs, maps, statistical tables.
Download or read book Economic Development in Saudi Arabia written by Robert E. Looney and published by . This book was released on 1990 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Revenue Assignments written by Ehtisham Ahmad and published by International Monetary Fund. This book was released on 2002-11 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on country experiences, the paper assesses policy options to assign oil revenues to subnational governments (SNGs). The literature recommends that oil revenues be centralized. Given political economy considerations, this paper suggests that a possible alternative is to assign stable oil-tax bases to oil-producing SNGs, supplementing these with predictable transfers from the center. Although commonly used, oil revenue-sharing arrangements are the least preferable solution, as they complicate macroeconomic management and do not provide stable financing. Revenue sharing also does not diffuse separatist tendencies, since oil-producing SNGs would still be better off by keeping their oil revenues in full.
Download or read book Budgetary Priorities in Saudi Arabia The Impact of Relative Austerity Measures on Human Capital Formation written by and published by . This book was released on 1991 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout the 1980s, Saudi Arabia experienced a period of relative fiscal austerity. Falling oil revenues forced a number of significant budgetary cutbacks. By early 1989, however, the situation had stabilized to the point where the Saudi Government announced that its 1989 budget would be equal to that of 1987--140 million Saudi riyals. To many observers, this signalled a welcome end to the deflationary effects of successive reductions in Government budgetary expenditure over the previous few years. In practice, it allowed Ministries to prepare sufficient projects for implementation, in the event that revenue constraints did not force cutbacks during the year. While most OPEC Countries were forced to introduce similar austerity programmes, little is known about how their Governments set priorities for their shrinking reviews between major expenditure categories. The purpose of this paper is to address this issue. In particular, we are interested in determining the manner in which, in light of revenue developments during the fiscal year, the Saudi Government revised its allocation to the major budgetary categories. Did expenditure on certain categories vary systematically with unanticipated changes in revenue? If so, which sectors gained? Lost? Do these patterns provide insights as to the manner in which the Government established budgetary priorities during this period?
Download or read book Fiscal Policy and Private Investment written by Salaheddine El Omari and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article investigated the relationship between fiscal policy and private investment in Saudi Arabia, one of the countries whose economy is mainly reliant on government spending. Instead of looking only at aggregate government expenditures, our study explicitly focused on different government expenditures, including spending on infrastructure, human resources, health and social development, economic resources, and municipal services. These components' short and long terms effects on private investment were evaluated using the Autoregressive Distributed Lag (ARDL) model and error-correction approach. The obtained empirical results show that all components of public expenditures in Saudi Arabia have long- and $ slash$ or short-run effects on private investment except spending on human resources. This neutral effect of expenditures on human resources development contradicts the theory, which predicts that this public spending category boosts labor productivity and thereby crowds in private investment.
Download or read book Modeling and Forecasting of Saudi Arabia Revenue and Expenditure Data written by Hleil Aed Alrweili and published by . This book was released on 2015 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt:
