Saudi Government Revenues and Expenditures : A Financial Crisis in the Making
by
A. Aldukheil
Book Details
Format
Hardback or Cased Book
ISBN-10
1137346027
ISBN-13
9781137346025
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Nov 21st, 2013
Print length
223 Pages
Weight
410 grams
Dimensions
14.30 x 21.90 x 2.00 cms
Product Classification:
Economic theory & philosophyEconomic theory and philosophyEconometricsEconometrics and economic statisticsEconomic statisticsDevelopment economics & emerging economiesDevelopment economics and emerging economiesPolitical economyCivil service & public sectorCivil service and public sector
Ksh 16,200.00
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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.
When Saudi Arabia was founded in 1932 it was one of the poorest countries in the world, relying on limited revenues from agriculture and pilgrimage. Today, Saudi Arabia''s economy is heavily dependent on oil. Wealth derived from oil has transformed the Saud
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