Friday 28 August 2015
 
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deficit

Kuwait to reschedule development projects

Kuwait is planning to reschedule its development plan citing the deficit in its budget, according to a report.   The government is also set to reconsider its developmental projects because of the deficit that res

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Oman budget deficit hits $4.98bn in H1

Oman posted a budget deficit of RO1.92 billion ($4.98 billion) in the first half of this year, against a RO250 million surplus a year earlier, because of lower oil export prices, provisional Finance Ministry data showed on Wednesday. &nbs

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Oman swings to $3.9bn deficit in Jan-May

Oman posted a budget deficit of RO1.50 billion ($3.90 billion) in the first five months of this year, swinging from a RO232.9 million surplus a year earlier. The deficit is due to lower oil export prices, provisional financ

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Saudi bond issues to soar as government plugs deficit

Bond issues by Saudi Arabia's government are expected to be worth tens of billions of dollars by the end of 2015 as the state ramps up debt sales to plug a hole in finances created by low prices for oil exports. Central bank g

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Saudi issues $4bn bonds to finance budget deficit

Saudi Arabia has issued bonds worth SR15 billion ($4 billion) to local banks this year to finance its budget deficit, its central bank governor was quoted as saying by Al-Iqtisadiya daily on Friday. The bonds will help pay for a b

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Egypt draft budget projects 9.9pc deficit, 5pc growth

Egypt's cabinet approved a draft 2015/2016 budget that projects a deficit of 9.9 per cent of gross domestic product, narrowing slightly from an expected gap of 10.8 percent in the current fiscal year. The draft, which has yet

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Egypt draft budget projects 9.9pc deficit, 5pc growth

Egypt's cabinet approved a draft 2015/2016 budget that projects a deficit of 9.9 per cent of gross domestic product, narrowing slightly from an expected gap of 10.8 per cent in the current fiscal year. The draft, which has yet

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Qatar cuts GDP growth forecast, sees deficit in 2016

Qatar has cut its 2015 economic growth forecast to 7.3 per cent from 7.7 per cent and now expects its budget to swing to a deficit next year, as opposed to a surplus projected six months ago, the Ministry of Development Planning and Statistics s

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Bahraini legislators seek budget rethink

Legislators have asked Bahrain's government to redraw its budget for this year and the next in an attempt to reduce the deficit. They asked the Cabinet, represented by the Finance Ministry, to come up with alternative plans an

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Bahrain govt revenues increase 11pc to $8.1bn

Bahrain government revenues increased by 11 per cent to top BD3.09 billion ($8.1 billion) in 2014, compared with estimates. Meanwhile, actual expenditure dropped by 11 per cent to BD3.54 billion, said a report in the Gulf Dail

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