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The Impact of Fiscal Policy on Non-Oil GDP in Saudi Arabia

Author

Listed:
  • Fakhri J. Hasanov
  • Nader AlKathiri
  • Saad Alshahrani
  • Ryan Alyamani

    (King Abdullah Petroleum Studies and Research Center)

Abstract

A clear objective of Saudi Vision 2030, the strategic roadmap for the future of the Kingdom of Saudi Arabia, is to put the non-oil sector at the heart of the country’s economic development. The vision realization programs (VRPs), such as the National Transformation Program and Fiscal Balance Program (FBP), have established initiatives and targets to help develop the non-oil sector. It is important, then, to explore the role fiscal policy can play in developing the country’s non-oil sector.

Suggested Citation

  • Fakhri J. Hasanov & Nader AlKathiri & Saad Alshahrani & Ryan Alyamani, 2020. "The Impact of Fiscal Policy on Non-Oil GDP in Saudi Arabia," Discussion Papers ks--2020-dp14, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:dpaper:ks--2020-dp14
    DOI: 10.30573/KS--2020-DP14
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    File URL: https://www.kapsarc.org/research/publications/the-impact-of-fiscal-policy-on-non-oil-gdp-in-saudi-arabia-2/
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    Cited by:

    1. Sweidan, Osama D. & Elbargathi, Khadiga, 2023. "Economic diversification in Saudi Arabia: Comparing the impact of oil prices, geopolitical risk, and government expenditures," International Economics, Elsevier, vol. 175(C), pages 13-24.

    More about this item

    Keywords

    Capital Expenditure; Econoimic growth; Fiscal policy; Government expenditure; Non-oil economy;
    All these keywords.

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