The Role of Government Consumer Expenditure in the Current Account of the Balance of Payments Under Global Crises: " Analytical Study in Selected Oil Countries for the Period (2005-2021)"

The research aims to shed light on the important relationship between general government final consumption expenditure (GGFCE) and the current account balance of payments in a sample of oil countries, based on the research problem, which is that in oil countries in general, high and exaggerated levels of (GGFCE) are determined, which encourages the spread of consumerism in exchange for a decline in investment tendency. And productivity, which is negatively reflected in production and economic growth, and this decline is translated into the current account of the balance of payments. The research concluded that the annual growth of (GGFCE) and the current account was disturbed, and they were greatly affected by global crises. Iraq and Nigeria were the most affected. The research recommended abandoning industrialization based on excessive reliance on crude oil and moving to economic diversification, diversifying local production, and revitalizing the performance of economic activities.