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Deficit and the monopoly of wealth and turbulent policies
11/19/2015 0:00
Follow-up - morning,
suffer the Arab region from escalating absurdly economic crises, which will be a great cause to generate serious social and psychological political crises.
The nature of these crises are linked to policies implemented by the ruling authorities, at the level of the prevalence of corruption, and the manifestations of the monopoly of wealth and misconduct by, or on the level of involvement by conflicts and wars in the region, which requires spending and funding large to support military operations and nutrition.
increase spending in these conflicts, or even on the level of insurance specific security data will represent an additional burden on the appropriations spending power contained in the budgets of states, especially the Gulf states, which has become a party exposed in Political conflicts in Iraq, Syria, Yemen and Libya, which will reflect the harm to the loss of the economies of these countries, and put it in front of a serious economic shortage, and in front of embarrassment in the financing of projects and its service sectors and tourism, and the reason for this is due to the typical central rentier economy, and its dependence on the oil wealth that today suffer from problems serious at the level of lower prices, or at the level of competition with other riches in the field of energy.
According to the Arab Economic Report Data Consolidated 2014, oil Revenue is on average during the period (2010-2013), representing 91.1 pp% of public revenues in Saudi Arabia, and 93.6 % in Kuwait, and .84.1% in the Sultanate of Oman, and 84.9% in Bahrain, and 68% in the UAE, and 58.7% in Qatar. Hence we see that oil revenues represent the independent variable in the structure of the general revenues of the GCC countries, a maker of deficits and surpluses in the budgets of these countries. According to IMF estimates the Gulf states will experience a deficit in their balance sheets significantly, the fund is expected to be a deficit budget of Saudi Arabia in 2015 to minus 19.5%, as a percentage of GDP, and in the UAE is expected to reach minus 2.9%, and in Qatar is expected to drop surplus budget significantly in 2015 to reach 0.3%, up from the surplus of rate of 9.7% in 2014, and is expected to reach the budget deficit, Qatar, in 2016 to minus 4.1%, and in the Sultanate of Oman deficit in 2015 will be up to minus 14.8%, It is expected to decline deficit in 2016 to minus
11.6%.
stray policy deficits of these countries is linked to more serious security rings, regional conflicts require a defensive policy, which means buying more weapons, and the introduction of forms of paid the price of foreign intervention, and perhaps any follow-up for Akiem strategic weapons exaggerated will make us aware of the nature of the lost policies that turn increase in the region, and that will affect one way or another in the human development programs of economic, cultural, social and the developments, and thus reducing the economic margin to diversify their wealth, and the multiplicity of sources, and stop the possible budget deficits, or other consequences that will touch social and developmental and educational system and service. seriousness of the policy means produce more terror, more unemployment, and more challenges that bring harm to the community, and anxiety, and the loss of a lot of social privileges. The IMF estimates indicate a significant economic downturn in these countries, and to a decline in economic growth for the Gulf States rates during 2015 and 2016, which means an increase of unemployment rates for Gulf nationals, particularly in light of the actions listed by the reports of the IMF mission visits, the need to mitigate of employment within government corridors. and the reflection of the economic crisis in the Gulf region will reflect negatively on many of the countries in the region, and its relations interfaces and investment, as is reflected at the level of a crisis in the political, security, data which basically means of economic crises, have major repercussions, and harms of national security and security community .. Hence the economic reality requires the attitudes and actions real and active political reality and Alaigah serious conflict in the region processors.
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