By A. Aldukheil
Will historical past repeat itself, leaving Saudi Arabia to stand one other monetary drawback as a result of drastic overspending and/or a dramatic drop in oil profit? If the location is still on its present trajectory, through 2030 govt debt as a result of emerging charges over sales may be too overwhelming for the govt to deal with.
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Extra resources for Saudi Government Revenues and Expenditures: A Financial Crisis in the Making
Example text
1 percent) and is significant at the 1-percent level. 9 percent of the variation in oil revenues are caused by certain variables that are not actually included in the equation. NOR t -1 The slope coefficient and R 2 are statistically significant at the 1-percent level. 9 percent) suggest that non-oil revenues have a stronger tendency to continue their trend as compared to oil revenues, obviously due to government control of non-oil revenues to a great extent. 24 halalah incremental change in the subsequent year.
Methodology Our methodology for analyzing government revenue is similar to that of government expenditures: we will subject government revenues to linear regression analysis using various specifications for our reference period. The specifications for the regression equations are the following: The dependent variable in time t is denoted by Yt and independent variables by t (time) or X t s. e E t in, in which E represents instantaneous growth rate and D = Ln( A ). b t , where D = Ln(a) and E = Ln(b), b denoting (1+g ), and g representing annual compound growth.
OR The explanatory power and slope coefficients of this equation are statistically significant at a 1-percent level. 91 halalah and vice versa. 46 Saudi Riyal increase in actual current expenditures. All parameters of the equation are statistically significant at a 1-percent level. TR The estimates of slope coefficient and R 2 are statistically significant at a 1-percent level. 165 Saudi Riyal marginal increase in capital expenditures during this period. 5 percent) turn out to be statistically significant at a 1-percent level.