Measuring the impact of general budget components on economic growth for the case of Egypt using the error correction vector (VECM) for the period (1985-2016)

Abstract

The importance of research in the role played by the general budget in Egypt to correct their economic situation. To this end, the research presented a theoretical consolidation of the two aspects of the general budget with its main components and its role in achieving economic growth, including an analysis of the performance of the general budget in Egypt and the most important real effects in its economy. Through the adoption of some financial indicators, both in the area of public expenditure in which the current at the expense of the contribution of investment expenditures or in the field of public revenues in which tax revenues have exceeded, as well as quantitatively to the impact of both expenditures and Public revenue growth and relations is a positive and negative, respectively, according to the logic of economic theory, which in which emphasis was placed on a set of proposals, including the need to adopt appropriate to the circumstances of Egypt's economic financial economic policy and that public revenue development, especially if tax revenues contribute to the financing of the general budget.