Summary: Government spending
unlikely to pick up in 2016
Moody's report, entitled "Banking - Saudi Arabia: Moderation in Government Spending
is Negative for Saudi Banks, But Credit Profiles will Remain Resilient" is available on Moodys.
on health in the 2013-2014 fiscal amounted to over QR12.
Since the Great Recession, total government spending
has behaved abnormally both in its greater volatility and in its slow growth.
The report shows government spending
on health overall fell by 0.
Others claimed that increased government spending
would have little to no stimulative effect in the short run and that it might even be contractionary.
Moreover it said that deep government spending
cuts will also need to be implemented beyond 2015 if the Chancellor of the Exchequer George Osborne is to even come close to meeting his deficit reduction targets beyond this fiscal year.
Saudi Arabia's government spending
is likely to witness a sharp slow down in 2014 thus signaling the kingdom's efforts to curb expenditures after years of huge increases, said a report.
It added that the increase in real GDP in the third quarter primarily reflected "positive contributions from private inventory investment, personal consumption expenditures (PCE), exports, nonresidential fixed investment, residential fixed investment, and state and local government spending
that were partly offset by a negative contribution from federal government spending
In the Budget 2013 the government spending
constituted around RO 13.
Most of the panic is a result of the inability of politicians to reach an agreement on government spending
If the government bought it up and lit it on fire, it would be counted as government spending