Kuwait's finance minister has warned that the country will face a certain budget deficit because growth in spending has outpaced a rise in public revenues.
"A budget deficit is inevitable... as the average annual growth i
An increased budget deficit plus a rising inflation rate are key challenges facing Bahrain, a leading banker has warned.
According to BBK chairman Murad Ali Murad, inflation reached a high of 3.8 per cent during late last year, pr
Egypt's newly-appointed finance minister said on Wednesday that political instability would cause the economy to grow more slowly this year than earlier official forecasts showed, with the budget deficit also bigger than thought.
India's finance minister yesterday boasted he had slashed the fiscal deficit lower than his target, while unveiling a pre-election budget that political opponents and analysts said contained unrealistic calculations.
Egypt's budget deficit was 89.4 billion Egyptian pounds ($12.84 billion) or 4.4 percent of economic output in the first half of this fiscal year, less than in same period a year before, the state news agency reported.
The Moroccan government's budget gap in 2013 came to 5.4 per cent of gross domestic product, down from 7.3 per cent in 2012, the Finance ministry said in a statement.
It is the lowest deficit since 2010, when the government st
Egypt's new military-backed government faces intense pressure to repair the state's chaotic finances but is likely instead to spend billions, hoping to raise living standards and get protesters off the streets.
A budget de
Oman's government is considering a proposal to issue dollar-denominated sovereign bonds sometime in 2014, which could lead to regular debt sales in the future, the oil exporter's central bank said on Wednesday.
Crucial negotiations between the International Monetary Fund and Egypt on a $4.8 billion loan programme begin on Tuesday and a top IMF official said an agreement must address the nation's gaping budget deficit without constraining economic g
Egypt revised up its budget deficit for the 2011/12 fiscal year to 11 per cent of gross domestic product from an earlier projection of 8.6 per cent, the finance minister said on Tuesday.
The deficit was 170 billion Egyptian pounds