ABSTRACT
Saudi Arabia is considered a developing country, and for this reason the achievement of both economic and social development remains a national strategic objective. The country's investments have depended largely on the availability of government revenues generated from oil exports. The declining oil revenues and budgetary constraints have limited the ability of the public sector to provide sufficient funding for competing obligations. Arguably, the objective of economic diversification could be attained more successfully with a greater contribution from the private sector. Hence the current challenging task for the country is to allocate its resources efficiently between its different priorities. The clarification of the boundaries separating the private and public sectors would enhance efficiency in the economy through increased specialisation.
