6 states where oil and gas revenues are earned not by oligarchs, but by ordinary people

  • Jan 09, 2022
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6 states where oil and gas revenues are earned not by oligarchs, but by ordinary people

Russia is one of the richest countries in natural resources in the world. Only the profit from the sale of gas and oil is distributed here for certain persons and these are far from ordinary citizens of the country. But there are countries in which the distribution of income in this category is somewhat different.

Profits from the sale of gas and oil in Russia are distributed to certain persons and these are far from ordinary citizens of the country Photo: wognews.net
Profit from the sale of gas and oil in Russia is distributed to certain persons and these are far from ordinary citizens of the country / Photo: wognews.net
Profit from the sale of gas and oil in Russia is distributed to certain persons and these are far from ordinary citizens of the country / Photo: wognews.net
There are countries in which the distribution of oil and gas revenues is in favor of their citizens Photo: hochyvseznat.ru
There are countries in which the distribution of oil and gas revenues is in favor of their citizens / Photo: hochyvseznat.ru
There are countries in which the distribution of oil and gas revenues is in favor of their citizens / Photo: hochyvseznat.ru

In general, it is worthwhile to understand that the state can use these funds in one of the following ways:

  • contribute to the improvement of living conditions and well-being of the population;
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  • pay them directly to the citizens of their country.

1. Alaska (United States of America)

In Alaska, a special "Parliamentary Fund of the State of Alaska" was formed / Photo: kartinkin.com
In Alaska, a special "Parliamentary Fund of the State of Alaska" was formed / Photo: kartinkin.com

The Alaska Constitution in 1976 changes have been made. According to this amendment, the population was entitled to receive income from the sale of oil produced here. A special "Alaska Parliamentary Fund" was formed. This is where 25 percent of the profit earned goes. 50 percent of this amount is distributed among the population, regardless of age. On average, over the past two decades, the annual payment per person has been between $ 1,500 and $ 1,600.

2. Libya

In Libya, until 2011, citizens had many privileges / Photo: salvophoto.com
In Libya, until 2011, citizens had many privileges / Photo: salvophoto.com

This refers to Libya until 2011, when the head of the state was Muammar Gaddafi. During this period of time, the following happened:

  • all citizens, without exception, received $ 1,000 each year;
  • the monthly income of unemployed citizens was $ 730;
  • the payment at the birth of a child (one-off) was $ 7,000;
  • wedding and living space within the framework of the allowance for the newly formed family - $ 64,000;
  • the one-time payment for starting a business was $ 20,000.

Plus, there were other privileges here, for example, good credit conditions. Within the framework of the mortgage, the interest rate is 0%. Education and medical services, even outside the country, were paid for by the state. In the case of purchasing a car, the person was returned half of its value. The price of one liter of gasoline was only fourteen cents.

3. United Arab Emirates

The UAE is one of the richest countries in the world, its citizens are not financially disadvantaged in anything / Photo: xo.ua
The UAE is one of the richest countries in the world, its citizens are not financially disadvantaged in anything / Photo: xo.ua

The UAE is one of the richest countries in the world. Its citizens are really not financially disadvantaged in anything:

  • the monthly pension (and this is the minimum) is 80 percent of a person's income from his last job, or $ 2,780;
  • assistance to the young family consists in the provision of a plot of land with a house and $ 20,000;
  • a one-time payment for the birth of a child is 150 thousand dollars;
  • about 90 percent of payments for housing and communal services were borne by the state.

In addition to this, the population consistently receives payments from the sale of natural resources. Free and education with medicine, even when a person is studying or being treated in another country. A citizen of another country, in order to open his own business in the UAE, is obliged to take someone from the local to himself as a partner. It is he who will be the owner of 51 shares. The state fully supports its citizens. Men and women have the same rights to work and receive wages.

4. Kuwait

Kuwait, being one of the largest oil exporters, also does not leave its population without income and privileges / Photo: yablor.ru
Kuwait, being one of the largest oil exporters, also does not leave its population without income and privileges / Photo: yablor.ru

This state, being one of the largest oil exporters, also does not leave its population without income and privileges:

  • students receive a scholarship of $ 2,000 regardless of the place of study and not only in their own country;
  • the minimum pension of citizens is $ 3,000;
  • housewives and minors receive $ 300 and $ 170 each month, respectively;
  • for each child without exception, a savings account is opened in the bank.

In addition to this, when purchasing a home, an interest-free loan is issued, medicine, like education, is free. Well, and a bonus - when oil prices rise, people's debts are partially written off.

5. Saudi Arabia

Saudi Arabia is the leader in the oil production market, from which its citizens also benefit / Photo: meteors.ru
Saudi Arabia is the leader in the oil production market, from which its citizens also benefit / Photo: meteors.ru

The state is the leader in the oil production market, from which its citizens also benefit:

  • the size of the child benefit in the country is 10,000-70,000 dollars;
  • when starting your own business, the payment is $ 80,000;
  • a young family is provided with material assistance in the amount of $ 64,000;
  • free medicine and some drugs;
  • housing and communal services are free;
  • when buying a car, up to half of its cost is returned by the state, gasoline is inexpensive.

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6. Norway

In Norway, the population is also not left without attention, care and support / Photo: fotostrana.ru
In Norway, the population is also not left without attention, care and support / Photo: fotostrana.ru

In this state, the population is also not left without attention, care and support. All citizens have a separate account to which money from the sale of natural resources is credited. Each year, an average of $ 4,300 is transferred to the account.

Continuing the topic read,
how the Netherlands became the richest country in Europe.
A source:
https://novate.ru/blogs/270821/60313/

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