Abstract
Counter-cyclical government spending is vital for Saudi Arabian growth and health of the national economy. Until the economic base is more diversified on a sustainable basis, government expenditures will remain the key driver of confidence in the domestic programme and investment plans. As such, any analysis of the Saudi Arabian economy must examine in depth the Saudi budgetary and public sector financing and how surpluses and deficits are invested and utilized. The state of a country’s fiscal position has become even more important following the global economic and financial crisis of 2008/2010. The international financial markets are now demanding more transparency and fiscal accountability from countries that have opted for economic openness. The Kingdom is a significant member of global institutions such as the International Monetary Fund (IMF) and the World Bank.
Beware of little expenses; a small leak will sink a great ship.
Franklin
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Ramady, M.A. (2010). Public Finance. In: The Saudi Arabian Economy. Springer, Boston, MA. https://doi.org/10.1007/978-1-4419-5987-4_3
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DOI: https://doi.org/10.1007/978-1-4419-5987-4_3
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