By A. Aldukheil
Will historical past repeat itself, leaving Saudi Arabia to stand one other monetary hindrance because of drastic overspending and/or a dramatic drop in oil profit? If the placement continues to be 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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Gray in 1914 and then by Harold Hoteling in 1931. ” Economists were central to these projects of sustainability and provided the theory and policies for the attainment of long-term economic sustainability. Oil and other natural resources extraction was treated as depreciation of national wealth and not just a mere production of goods. The genuine savings theory was introduced to replace GDP to measure the state of an economy and its future development, especially in natural resource–dependent countries, such as Saudi Arabia.
6 percent, is significant at the 1-percent level. The explanatory power suggests that there are factors other than just time that inf luence oil revenues, and that time explains only less than half the total variation in oil revenues. t Both the explanatory power and the slope coefficient are statistically significant at the 1-percent level in this equation. 437 billion) per year. 437 billion in non-oil revenues). Both the modest explanatory power (55 percent) and the slope coefficient are statistically significant at the 1-percent level, confirming an overall Expenditures and Revenues, 1960–2010 ● 49 positive trend in total revenues.
20 ● Saudi Government Revenues and Expenditures depreciation in economic literature was first articulated by Lewis C. Gray in 1914 and then by Harold Hoteling in 1931. ” Economists were central to these projects of sustainability and provided the theory and policies for the attainment of long-term economic sustainability. Oil and other natural resources extraction was treated as depreciation of national wealth and not just a mere production of goods. The genuine savings theory was introduced to replace GDP to measure the state of an economy and its future development, especially in natural resource–dependent countries, such as Saudi Arabia.