Saturday 23 May 2015
fiscal deficit

Oman to maintain spending despite low oil prices

Despite a sizeable fiscal deficit this year and the next due to decline in oil prices, Oman is likely to avoid deep cuts in spending as the real GDP grows by 4 per cent in 2015 before moderating to 3.7 per cent in 2016, a report said.


Bahrain renews efforts to reduce deficits

Statements by the Bahraini government to reduce its fiscal deficit and contain the rise in debt signal a renewed determination to improve its government finances, said a report released by Moody's Investors Service. The presen


Egypt current account deficit falls to $5.58bn

Egypt's current account deficit narrowed to $5.58 billion in the fiscal year to end-June from $10.15 billion in the year to end-June 2012, the central bank said on Tuesday. Foreign direct investment into Egypt fell to $3.00 bi

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