The Impact of the Increase of Crude Oil Prices on the Jordanian Public Debt for the Period 1998-2013
Abstract
The study aimed to identify the impact of the increase of crude oil prices on the Jordanian Public debt for the period 1998-2013, as well as impact of the increase of crude oil prices on the internal and external debt in Jordan for the Period 1998-2013. So, the increase in the crude oil prices has a significant impact on the budget deficit in Jordan and therefore on indebtedness. The study found a number of results most notable was:
a. The results explain that increase of the (crude oil prices) will lead to increase the (public debt) of Jordan for the Period 1998-2013.
b. The results explain that increase of the (crude oil prices) will lead to increase the (internal debt) of Jordan for the Period 1998-2013.
c. The results explain that increase of the (crude oil prices) will lead to decrease the (external debt) of Jordan for the Period 1998-2013.
The study concluded that a number of recommendations and conclusions.
Keywords: Crude oil prices, Public debt, Internal debt, External debt, Budget deficit, Jordan.
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ISSN (Paper)2222-1697 ISSN (Online)2222-2847
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