Budget Problems of Saudi Arabia: Consequences in the Sphere of Security and Regional Policy Cover Image

Budget Problems of Saudi Arabia: Consequences in the Sphere of Security and Regional Policy
Budget Problems of Saudi Arabia: Consequences in the Sphere of Security and Regional Policy

Author(s): Maciej Münnich
Subject(s): National Economy, Energy and Environmental Studies, Economic policy, Political economy, Fiscal Politics / Budgeting
Published by: Collegium Civitas
Keywords: Saudi Arabia; Fiscal Balance Program; Vision 2030; Middle East;

Summary/Abstract: The article presents an analysis of the Fiscal Balance Program, which has been implemented in Saudi Arabia since the beginning of 2017. The text discusses budget data from recent years and budget assumptions for 2018, and then assesses the extent to which they have a chance of implementation. The second part of the article describes political threats. The conclusion of the article emphasized that economic assumptions are difficult to achieve, but possible, however, one should take into account the delay in their implementation. The real challenge for implementing the plan to heal the finances of the state will be the inevitably impending moment of change on the throne, when internal problems can lead to uncontrolled changes, and external competitors may try to take advantage of this crucial moment.

  • Issue Year: 2/2018
  • Issue No: 28
  • Page Range: 27-56
  • Page Count: 30
  • Language: English