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Show us the money: Oil revenues, undisclosed allocations and accountability in budgets of the GCC States

AlShehabi, Omar (2017) Show us the money: Oil revenues, undisclosed allocations and accountability in budgets of the GCC States. LSE Kuwait Programme Paper Series, 44. The London School of Economics and Political Science, London, UK.

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Identification Number: 44

Abstract

This paper traces the historical evolution of the transparency, independence and accountability of public revenues and expenditures in each of the GCC countries. Beginning with the discovery of oil in 1932, specific focus is placed on that part of oil revenues that are treated as undisclosed allocations, including military expenditures, overseas transfers and royal allowances. It argues that with the exception of Kuwait, there is strong evidence to suggest that significant amount of oil revenues are undeclared, which go either into private hands or into undisclosed government transactions.

Item Type: Monograph (Working Paper)
Official URL: http://www.lse.ac.uk/middleEastCentre/kuwait/home....
Additional Information: © 2017 The Author
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
Sets: Research centres and groups > Middle East Centre
Collections > Kuwait Programme on Development, Governance and Globalisation in the Gulf States
Date Deposited: 10 Oct 2017 08:56
Last Modified: 27 Oct 2017 09:03
URI: http://eprints.lse.ac.uk/id/eprint/84521

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