The Impact of the Increase of Crude Oil Prices on the Jordanian Public Debt for the Period 1998-2013

Mazen Hasan Basha

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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