الفائض المالي السعودي:مصادره وأوجه استخداماته المحتملة وآثاره على السياسة المالية الحكومية

Conference Paper

ح.م., الحوشان . 2009

• Publication Online URL: الطفرة النفطية الثالثة وإنعكاسات الأزمة المالية العالمية: حالة أقطار مجلس التعاون لدول الخليج العربية
• Conference Name: مركز دراسات الوحدة العربية
• Conference Location: Bahrain
• Conference Date: Sunday, February 8, 2009

Publication Abstract

As the world’s largest exporter of crude oil and natural gas liquids, with the world’s largest reserves of these products, the Kingdom of Saudi Arabia is understandably quite dependent upon oil export revenues to fuel its economy. 
            Attempts to diversify the Kingdom’s economic base have been successful, but the fact remains that the Saudi economy is still quite dependent on crude oil and downstream refined petroleum and petrochemical products.
           This dependency on the revenues from a basic commodity such as oil, whose price has been notoriously volatile over the past few years, creates both problems and opportunities for the Saudi government and its fiscal policy management.  The purpose of this paper is to examine these issues in some details and to look at the policy alternatives that are available to the government to manage the inherent problems that accompany the Kingdom’s oil endowment.