What is the Impact of Price Fluctuation in Saudi Government Spending?

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ACKNOWLEDGEMENT

I would like to take this opportunity to thank my dissertation supervisor who has always shown confidence in me. Here I would also like to mention my parents who have always believed in me for all my hard work. My family, including my parents, brother and sister has endlessly supported me during my life and academics. This has helped me in making positive decisions for my life. I am also grateful towards my University and my Department, the administrators, faculty members and fellow students for their support throughout this study.

DECLARATION

I declare that the material stated in this dissertation is original and does not present work of any other scholar or research study conducted in the past. Material in this study is not partially or completely published elsewhere and collected only for the purpose of this study. I also acknowledge that I have complete understanding of the requirements, guidelines, regulations and procedures of the University with respect to the endowment of higher education degree and my research work. Here, I would also like to take the opportunity to declare that I have exclusively followed the requirements, guidelines, regulations and procedures of the University regarding this research study.

ABSTRACT

This research study intended to examine the impact of price fluctuation in Saudi government spending. This research study also examines the impact of oil price fluctuation on the Saudi government and that effect on the Development projects and the fight against unemployment because 60% from the population are youth. The major source of national income as a single commodity of Saudi Arabian's economy faces the problem of the efficient utilization and allocation. The revenues of oil have been the single most important source of gross domestic product since the creation of the kingdom. On the other hand, the other sources of income have played a secondary role in the nation's wealth. Furthermore, Saudi Arabia is still in an early stage of economic development due to a severe shortage of productive inputs such as physical capital, skilled and unskilled labour, and fertile land. In this research study the impact of oil price fluctuation on the Saudi government economy has been examined. The government spending and development projects of the country are strongly depends on the economy of the country. For Saudi Arabia the oil price fluctuation have an influential impact on the economic stability of the country. The quantitative research design is an appropriate research design for this study as the main focus of this research study is to examine the impact of oil price fluctuation on the Saudi government and that effect on the Development projects. The findings of this study indicate that there is an influential impact of oil price fluctuations on the Saudi government spending. The findings of descriptive statistics indicate that there is little bit variation is present in the data set. The findings of correlation and regression analysis indicate that the government spending is affected by the fluctuation of oil ...