Analyzing and Measuring the Impact of The General Budget and Other Variables on The Balance of Payments of Selected Countries Using Panel Data for The Period 2005-2017

Abstract

The purpose of this research is to analyze and clarify the role of public budgeting in mobilizing various economic activities both internally and externally for some countries of the world. Given that many macroeconomic variables are affected by general budgeting, public budgeting has been the subject of different studies at different levels. However, the majority of these studies examined pubic budgeting on the level of single country the study of which the study is about, without comparing it with other countries. Therefore, this study adopts a different approach, it examines the integration of the budgets of some Arab and foreign countries in order to know the extent to which these budgets affect economic variables and the possibility of modifying them to make them efficient and professional.  The study was based on annual data for the duration (2005-2017). In addition, measurement and analysis between the public budgeting and the balance of payments were used through standard analysis using panel data, through the use of software (Eviews-10).  The study concluded the need to consider the public budget and the balance of payments through the development of plans and programs to develop them and get out of their traditional framework to prepare them and link them to realistic goals and results, so as to affect the stability of internal and external balance and reflect their positive effects on economic developments in the country.