Essay: The Low Level of Government Spending in Middle East

Sample Essay

The level of government expenditure in Libya is high due to the high level of oil export earnings and the recent investment by the government in the commercial sector in order to decrease the dependence on the oil export earnings.

It is undergoing a business boom and the level of companies being privatized are also rising showing that the level of tax revenue earnings re also rising. Yemen and Mauritania both are suffering from severe economic issues and the government’s deficits are greater than their earnings hence, the low level of spending.

Column 4:

Years Emirates Bahrain oman Qatar Kuwait Saudi Arabia

1993

14783.2

1506.4

5832

3840.1

13064.4

50170.9

1994

1492536

1521.8

5859.3

3591.2

14250

45681.2

1995

16925.9

1837.2

6062.4

3672.5

14047.6

46385

1996

1947937

1833.2

565936

3912.4

13779.9

52897.2

1997

17533

2142

6001

4972

12819

59085

1998

19641

1784

5778

4698

13051

50750

1999

20222

2193

5901

4841

13281

49089

2000

22891

2709

6908

4862

13136

62836

2001

25993

2760

7439

5393

10382

68037

2002

23585

2433

7645

5532

15471

62350

2003

24180

2638

8294

5221

16320

66667

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