تحليل‎ ‎تقلبات‎ ‎أسعار‎ ‎النفط‎ ‎و‎ ‎نمط‎ ‎الانفاق‎ ‎العام ‎ ‎في‎ ‎السعودية والعراق

Analysis of oil price fluctuations and the ‎pattern of public spending in Saudi Arabia and Iraq

Most of the countries producing raw materials and raw materials, especially oil, are characterized by a one-sided economy that relies mainly on the rentier in financing the budget and the economy. This has resulted in the slide of the economies of these countries in the orbit of oil markets and volatility, and the infiltration of crises and global economic fluctuations through the channel resource oil, where oil economies are affected by the rise and fall in oil prices through the transmission of volatility and instability from the oil sector to non-oil sectors. The sensitivity of the economy to these changes is felt in all sectors that contribute to the bulk of economic output through the public spending channel. Therefore, this study sought to analyze and diagnose the effects that the fluctuations of oil prices can have on the trends and patterns of public spending that can not be separated from the characteristics of the oil rental economies by focusing on the change in the values ​​of public expenditure in both current and investment. Fluctuations in the prices of crude oil in the international market and the extent of the deviation of the path of public spending in achieving the goals of growth and economic stability. The economy of the Kingdom of Saudi Arabia and the Iraqi economy have been used to analyze the nature of the financial structure in the oil countries and the extent of the interrelationship between oil, public spending and the economy of the oil      countries.