Saudi Arabia: Selected Issues

October 5, 2017

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Format: Chicago

Saudi Arabia: Selected Issues, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This Selected Issues paper looks at the appropriate scope and pace of fiscal adjustment in Saudi Arabia. The economy of Saudi Arabia has started to feel the impact of the fiscal adjustment. The fiscal space analysis suggests that the authorities have some space in the next few years to undertake a more gradual fiscal adjustment than set out in the IMF staff’s baseline. Although faster fiscal adjustment may have advantages in terms of limiting the rundown in net assets and taking full advantage of the current pro-reform climate, it has disadvantages when it comes to the larger impact on growth and employment in the near term, which may ultimately undermine the sustainability of the reforms.

Subject: Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Inflation, Oil prices, Prices

Keywords: Background documentation, Core CPI inflation, CR, Determinants of Inflation, Fiscal consolidation, Fiscal stance, GDP, Global, Inflation, Inflation development, Inflation environment, Inflation path, ISCR, Oil prices, Publication service, Saw CPI inflation rise, Vector error correction, Water price reform

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/317
Stock No:

1SAUEA2017002
ISBN:

9781484323243
ISSN:

1934-7685

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