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Show us the money: Oil revenues, undisclosed allocations and accountability in budgets of the GCC States

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  • AlShehabi, Omar

Abstract

This paper traces the historical evolution of the transparency, independence and accountability of public revenues and expenditures in each of the GCC countries. Beginning with the discovery of oil in 1932, specific focus is placed on that part of oil revenues that are treated as undisclosed allocations, including military expenditures, overseas transfers and royal allowances. It argues that with the exception of Kuwait, there is strong evidence to suggest that significant amount of oil revenues are undeclared, which go either into private hands or into undisclosed government transactions.

Suggested Citation

  • AlShehabi, Omar, 2017. "Show us the money: Oil revenues, undisclosed allocations and accountability in budgets of the GCC States," LSE Research Online Documents on Economics 84521, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:84521
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    File URL: http://eprints.lse.ac.uk/84521/
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    Cited by:

    1. Najm, Sarah, 2019. "The green paradox and budgetary institutions," Energy Policy, Elsevier, vol. 133(C).

    More about this item

    JEL classification:

    • N0 - Economic History - - General
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General

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