Abstract
Our prediction of a potential government financial crisis caused by budget deficits that snowball over time was based on rather conservative assumptions of the two essential variables of such a deficit equation: government expenditure and government revenue.
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Notes
Alexei Vassiliev, The History of Saudi Arabia (London: Saqi Books, 1998), 278.
Arthur N. Young, “Saudi Arabian Currency and Finance,” The Middle East Journal 7, no. 3 (1953): 15;
Young, “Saudi Arabian Currency and Finance,” The Middle East Journal 7, no. 4 (1953): 21.
Nadav Safran, Saudi Arabia: The Ceaseless Quest for Security (Cambridge: Harvard University Press, 1985), 215.
Peter W. Wilson and Douglas F. Graham, Saudi Arabia: The Coming Storm (New York: M. E. Sharpe, 1994), 160.
Dermot Gately, Nourah Al-Yousef, and Hamad M. H. Al-Sheikh, “The Rapid Growth of Domestic Oil Consumption in Saudi Arabia and the Opportunity Cost of Oil Exports Foregone,” Energy Policy 47 (2011):58;
Glada Lahn and Paul Stevens, Burning Oil to Keep Cool: The Hidden Energy Crisis in Saudi Arabia (London: Chatham House, 2011), 11.
Abdulaziz M. Aldukheil and Darwin Wassink, “Oil and the International Finance System,” Business Horizon 20, no. 4 (1977): 69.
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© 2013 Abdulaziz M. Aldukheil
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Aldukheil, A.M. (2013). Is a Saudi Financial Crisis Inevitable?. In: Saudi Government Revenues and Expenditures. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137342928_8
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DOI: https://doi.org/10.1057/9781137342928_8
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-46677-1
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