This work is licensed under a Creative Commons Attribution 4.0 International License.
The Role of Government Consumer Expenditure in the Current Account of the Balance of Payments Under Global Crises: " Analytical Study in Selected Oil Countries for the Period (2005-2021)"
American Journal of Economics and Business Management,
Vol. 6 No. 10 (2023): American Journal of Economics and Business Management
Abstract
The research aims to shed light on the important relationship between general government final consumption expenditure (GGFCE) and the current account balance of payments in a sample of oil countries, based on the research problem, which is that in oil countries in general, high and exaggerated levels of (GGFCE) are determined, which encourages the spread of consumerism in exchange for a decline in investment tendency. And productivity, which is negatively reflected in production and economic growth, and this decline is translated into the current account of the balance of payments. The research concluded that the annual growth of (GGFCE) and the current account was disturbed, and they were greatly affected by global crises. Iraq and Nigeria were the most affected. The research recommended abandoning industrialization based on excessive reliance on crude oil and moving to economic diversification, diversifying local production, and revitalizing the performance of economic activities.
Keywords
Download Citation
Endnote/Zotero/Mendeley (RIS)BibTeX
- United Nations, 2004, Basic Data Relating to Government Expenditure and Government Taxes, Report of the Economic and Social Council, p. 3.
- Hamed Abdel Majeed Daraz, 2002, Principles of Public Finance, Part Two, University Press, Egypt, p. 319.
- Qaed Aqasim, 2002, National Accounting, translated by: Abdel Majeed Qadi, D. M. J., Algeria, p. 65.
- Adel Falih Al-Ali, 2011, Public Finance and Financial and Tax Law, Part One, Edition 2, Araa Publishing and Distribution, Jordan, p. 84.
- Muhammad Khasawneh, 2014, Public Finance Theory and Practice, first edition, Dar Al-Nahj for Publishing and Distribution, Jordan, p. 21.
- Abdel Fattah Abdel Rahman Abdel Majeed, 1996, The Economics of Public Finance, second edition, Al-Kamaliyya Press, Egypt, p. 110.
- Taher Al-Janabi, 1991, Public Finance and Financial Legislation, Al-Mustansiriya University, Iraq, p. 50.
- Duraid Kamel Al-Shabib, 2013, International Finance, Arabic Edition, Dar Al-Yazurdi Scientific for Publishing and Distribution, Jordan, p. 77.
- Muhammad Saleh Al-Quraishi, 2008, Public Finance, first edition, Al-Warraq Publishing and Distribution Foundation, Jordan, p. 60.
- Buraq Hussein Mohi, 2019, Consistency between customs taxes and the exchange rate and its impact on the trade balance in Iraq, Master’s thesis, University of Baghdad, College of Administration and Economics, Iraq, p. 30.
- Bassam Al-Hajjar, 2010, Economics and Economic Analysis, first edition, Dar Al-Manhal Al-Lubani, Lebanon, p. 219.
- World Bank data and indicators.
References
United Nations, 2004, Basic Data Relating to Government Expenditure and Government Taxes, Report of the Economic and Social Council, p. 3.
Hamed Abdel Majeed Daraz, 2002, Principles of Public Finance, Part Two, University Press, Egypt, p. 319.
Qaed Aqasim, 2002, National Accounting, translated by: Abdel Majeed Qadi, D. M. J., Algeria, p. 65.
Adel Falih Al-Ali, 2011, Public Finance and Financial and Tax Law, Part One, Edition 2, Araa Publishing and Distribution, Jordan, p. 84.
Muhammad Khasawneh, 2014, Public Finance Theory and Practice, first edition, Dar Al-Nahj for Publishing and Distribution, Jordan, p. 21.
Abdel Fattah Abdel Rahman Abdel Majeed, 1996, The Economics of Public Finance, second edition, Al-Kamaliyya Press, Egypt, p. 110.
Taher Al-Janabi, 1991, Public Finance and Financial Legislation, Al-Mustansiriya University, Iraq, p. 50.
Duraid Kamel Al-Shabib, 2013, International Finance, Arabic Edition, Dar Al-Yazurdi Scientific for Publishing and Distribution, Jordan, p. 77.
Muhammad Saleh Al-Quraishi, 2008, Public Finance, first edition, Al-Warraq Publishing and Distribution Foundation, Jordan, p. 60.
Buraq Hussein Mohi, 2019, Consistency between customs taxes and the exchange rate and its impact on the trade balance in Iraq, Master’s thesis, University of Baghdad, College of Administration and Economics, Iraq, p. 30.
Bassam Al-Hajjar, 2010, Economics and Economic Analysis, first edition, Dar Al-Manhal Al-Lubani, Lebanon, p. 219.
World Bank data and indicators.