The Direct Governmental Finance for the Agricultural Sector in Kingdom of Saudi Arabia | ||
| Fayoum Journal of Agricultural Research and Development | ||
| Article 18, Volume 31, Issue 1, January 2017, Pages 44-66 PDF (7.4 M) | ||
| Document Type: Research articles. | ||
| DOI: 10.21608/fjard.2017.191243 | ||
| Abstract | ||
| The agricultural sector of kingdom of Saudi Arabia received more governmental support and finance to achieve the desired agricultural development. Agricultural development fund was built as an intermediate financial governmental agency, in addition to support the Ministry of Agriculture, to finance the various production processes in the agricultural sector. The research aimed to study and analysis the direct governmental finance for the development of agricultural sector. The agricultural governmental support and finance Consists of four types, the average value of them during the period ( – ) about million riyals. it shows that the medium-term loans comes in the front with an average value of million riyals, which represents about , subsidies of the Ministry of agriculture comes with an average value of million riyals by and followed by subsidies of the fund and short-term loans with an average value of , million riyals, which represents , respectively. And it was clear the presence of significant differences between the various type of governmental finance, while there is no significant differences between the years of study of these forms. There are also statistically significant differences for both qualitative and spatial distribution of those loans. The development of agricultural loans, short-and medium-term, and support from the Agricultural Development Fund was studied, also the support of ministry of agriculture during the period ( - ). Factor of instability to changes in the value of direct governmental agricultural finance of Saudi Arabia showing lack of stability. By measuring the efficiency of the direct agricultural governmental finance by several indicators the most important of them are the productivity of investment, return on investment, and the investment multiplier, it was shown the efficient using of those forms of financing during the study period, and low investment rate, except for medium-term loans. As for the investment multiplier was clear the significant increase in the rate of subsidies for the ministry of Agriculture, followed by each of the subsidies of the Development Fund, then the medium-term loans, and at the bottom is the short-term loans. | ||
| Keywords | ||
| Agricultural Development Fund; agricultural loans; agricultural subsidies; agricultural projects; financing policy; financing efficiency; instability coefficient; agricultural development | ||
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