Sunday 24 March 2019
 
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deficit

Saudi budget proposes record $295bn spend next year

Saudi Arabia is set to increase state spending by more than 7 per cent in 2019 to SR1.106 trillion ($295 billion) next year, up from an actual SR1.03 trillion this year, reported Arab News, citing a finance ministry document. The

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Saudi Arabia ‘set for improved deficit in 2018’

Saudi Arabia’s deficit of SR49 billion ($13 billion) during the first nine months of 2018 was less than the financing of SR52 billion obtained in the first half (H1) of 2018, said Al Rajhi Capital, a top financial services provider, in its

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Saudi Arabia deficit halves in H1

Saudi Arabia’s budget deficit halved in the first six months of this year, compared to the figures last year, following sweeping spending cuts and improved oil revenues.   The deficit in the first h

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Oman will need external financing support says report

Oman's continued large twin deficits imply a need for material external financing to prevent sustained erosion in foreign assets and to defend the US dollar peg, a report says. Further borrowing is likely to pressure external

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Oman will need external financing support says report

Oman's continued large twin deficits imply a need for material external financing to prevent sustained erosion in foreign assets and to defend the US dollar peg, a report says. Further borrowing is likely to pressure external

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Reason for optimism as Saudi deficit set to narrow

There is reason for optimism among investors in Saudi Arabia as the kingdom’s budget deficit is set to narrow in 2017, as a result of higher oil prices and diversification measures increasing non-oil revenues, a report said.

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Education, military spending take top spots in Saudi budget

Education and military expenditures take the top two spots in Saudi Arabia's 2017 budget, which estimates a spending of SR890 billion ($237.3 billion), an 8 percent increase from 2016.   Revenue is projected

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Saudi Arabia's deficit 'could hit $90bn in 2016’

Saudi Arabia’s austerity, privatization and taxation measures will not be sufficient to reduce the deficit to the desired extent, leading to the kingdom seeing a deficit of $80-$90 billion or 13 per cent of the GDP in 2016, a report said.

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Egypt's current account deficit rises to $18.7bn

Egypt's current account deficit rose to $18.7 billion for the 2015-16 fiscal year that ended in June, from $12.1 billion last year, central bank data showed. Egypt's economy is struggling to recover after a mass uprising i

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Egypt's budget deficit rises to 11.2pc of GDP

Egypt's budget deficit widened to 11.2 per cent of gross domestic product in the first 11 months of the financial year, up from 10.8 percent a year earlier, the Finance Ministry said on Monday. In its monthly report, the minis

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