fiscal policygrowthSaudi ArabiaWhether government spending can boost the pace of economic growth is widely debated. In the neoclassical growth model, it is supplies of productive resources and productivity that determine growth in t...
Al-Jadaan also highlighted the evolution of Saudi Arabia’s fiscal policies. “We did not previously use debt instruments as we do today. Now, we use them to balance revenues and ensure continuous and sustainable expenditures. This allows for proper planning—not just for government entities and...
The fiscal policy of Saudi Arabia is set by the government. The Ministry of Finance manages the fiscal policy, economic growth, and budgeting...Become a member and unlock all Study Answers Try it risk-free for 30 days Try it risk-free Ask a question Our experts can answer your to...
The working week in Saudi Arabia is typically 48 hours, 8 hours per day, 5 days per week. The working day may decrease to 6 hours a day during the period of Ramadan. Overtime All work exceeding the standard working hours per week is to be paid as overtime and is regulated by employm...
RIYADH (Reuters) - Saudi Arabia estimates its 2024 fiscal deficit will widen to almost 3% of GDP, according to a government statement on Monday, as it increases spending to boost growth and meet the objectives of its Vision 2030 economic transformation plan. ...
Saudi Arabia has worked to diversify its economy since the 1970s through its five-year development plans, but there have been limits to change. As the nation successfully diversified vertically – building refining and petrochemical sectors – oil’s contribution to GDP gradually declined through th...
The OPEC+ group has agreed to ramp up total crude production by 2 million barrels per day (bpd) over a three-month period starting in May, with about one-half of the increase coming from Saudi Arabia, which slashed its production by 1 million bpd under an agreement reached a year ago....
in the same way business cycle synchronicity is assisting Eurozone's viability.In the absence of such synchronicity, the regime produces rigid monetary policies for Saudi Arabia, as it effectively renders them ineffective, and the Saudi authorities have to resort to contractionary fiscal policies as ...
In this study, spectral Granger causality analysis is employed to investigate the spectral dynamics of uncertainty transmission and its impact on economic growth and financial development in Saudi Arabia from 1993 to 2020. We examine the relationships between crude oil volatility, geopolitical risk, glob...
Amid a gloomy 2022 for much of the world economy, Saudi Arabia has had a very good year. The rise in global oil prices prompted by the Ukraine-Russia crisis was a boon to revenue and is expected to yield a fiscal surplus of USD 27bn (2.6% of GDP) for the 2022 fiscal year – the...