IDEAS home Printed from https://ideas.repec.org/a/ids/ijecbr/v14y2017i1p85-103.html
   My bibliography  Save this article

Budgetary institutions and the political economy of fiscal policy in resource-rich countries: the case of Saudi Arabia

Author

Listed:
  • Ashraf Galal Eid

Abstract

This study investigates budgetary institutions and the political economy aspects of fiscal policy in Saudi Arabia during the period 1969 to 2015. The historical overview of government expenditure shows that capital expenditure is always more sensitive to oil price fluctuations compared to current expenditure. Besides, the budget institutions index applied in this study shows that the limited power of the Saudi Consultative Assembly (the parliament) is mainly responsible for the low budget index score compared to the MENA region. The political economy aspects of fiscal policy in Saudi Arabia show that the Saudi Government succeeded in managing its fiscal policy as a benevolent autocrat. However, as the government is planning to raise revenue from non-oil sources (such as the VAT) in the near future, it is important to have a stronger and independent parliament that represents people and has an increased authority in reviewing and approving budget items.

Suggested Citation

  • Ashraf Galal Eid, 2017. "Budgetary institutions and the political economy of fiscal policy in resource-rich countries: the case of Saudi Arabia," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 14(1), pages 85-103.
    • Handle: RePEc:ids:ijecbr:v:14:y:2017:i:1:p:85-103
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=85556
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijecbr:v:14:y:2017:i:1:p:85-103. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=310 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.