قياس الأثر الاقتصادي للصدمات النفطية في الموازنة الحكومية في المملكة العربية السعودية للمدة ١٩٩٠-٢٠١٩

الملخص EN

The importance of the subject in assessing the impact of sudden oil shocks over decades since the beginning of the seventies of the twentieth century until now was the motivation in choosing it.

And it is natural that when oil prices are low, this will be reflected in the government's financial decisions, that the research problem revolves around dependence on oil revenues.

Basically, to finance the government budget in Saudi Arabia, which raises the following question: The extent to which these countries can orb these oil shocks and contain them through an appropriate fiscal policy.

The research relied on the hypothesis that there is a tendency for the relationship between oil shocks in crude oil prices on the one hand and between government budget decisions and their financial conditions on the other hand, and this relationship is a direct relationship of influence.

One of the main objectives of the research is to measure the impact of oil shocks on the government budget in Saudi Arabia for the period 1990-2019, and their role in creating financial conditions such as surpluses or deficits in these government budgets.

The research relied on the analytical method in proving its hypothesis to show the trends of these shocks.

The research found a set of results, including that oil prices have a direct and moral effect on public spending, which means that an increase in oil prices by one unit leads to an increase in public spending by (943.87) million dollars at a significant level (5% ).

Accordingly, the research recommended the necessity of choosing the appropriate methods.

In order to properly and scientifically invest the oil revenues by directing them towards public and private investment.