Impacts of fiscal legal setting and institutions on budget outcomes in the rentier State of Kuwait

Abstract EN

This study addresses the impact of the legislative setting, institutions, and political structure on the public budget in the State of Kuwait.

This is an issue that has gained sizable attention, from both theoretical and empirical dimensions, in recent decades.

In this respect, Kuwait represents a special case among her peers of rentier states in the GCC region because it is adopting a semidemocratic political structure, which simultaneously combines features of presidential and parliamentary systems.

This structure is influenced by the prevailing interests and dynamic relationships between the limbs.

The study focuses, systematically, on three thematic areas : legislative, institutional, and evolution of public revenues and public spending.

Through this approach, the study attempts to dig out the effects and consequences of the institutional settings on the country’s fiscal outcomes.

The public budget and fiscal account data used for this purpose cover the period from FY 1970/71 to FY 2013/14.

JEL Classifications : P3, L4.