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Bahrain needs to cut public debt urgently: IMFBahrain, which last year boosted state spending, urgently needs to reform its economy to stop its debt burden becoming unsustainable, the International Monetary Fund said. Bahrain upped its original 2012 expenditure plan by nearly More… |
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Bahrain needs to cut public debt urgently: IMFBahrain, which last year boosted state spending, urgently needs to reform its economy to stop its debt burden becoming unsustainable, the International Monetary Fund said. Bahrain upped its original 2012 expenditure plan by nearly More… |
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Military spending up 8pc in Mena regionMilitary spending increased by around 8 percent in the Middle East and North Africa (Mena region) last year, while global arms spending dropped for the first time in more than a decade. In Mena, More… |
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Oman signals budget spending restraintOman's finance minister signalled on Tuesday that budget policy would become more conservative, after several years in which the global financial crisis and political pressures prompted the government to boost spending shar More… |
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Qatar to boost government spending by 18pcQatar plans to boost government spending by 18 per cent to QR210.6 billion ($57.8 billion) in the 2013/14 fiscal year that began on Monday, the QNA state news agency quoted Finance and Economy Minister Youssef Kamal as saying. Ana More… |
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Kuwait 10-month budget surplus at $60.5 billionKuwait had a budget surplus of 17.2 billion dinars ($60.5 billion) in the first ten months of its fiscal year, preliminary budget data showed on Wednesday, thanks to robust oil income and lower-than-expected public spending. The g More… |
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US to close 149 ATC towers over spending cutsThe US Federal Aviation Administration said on Friday it will close 149 air traffic control towers at small airports across the country beginning on April 7 as it copes with automatic federal spending cuts. The White House and tra More… |
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The cost of Qatar's punchy spending styleQatar's spending spree is beginning to risk unintended consequences. The Gulf country has made its presence felt by splashing its cash on seemingly random targets, buying Western luxury brands and large stakes in blue-chip More… |
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Qatar sees strong non-hydrocarbon growthQatar expects rapid growth in non-hydrocarbon parts of its economy this year while its gas sector is unlikely to expand significantly, Finance Minister Youssef Kamal said on Monday. "We exp More… |
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India budget calls for tough choices; spending upIndia must make tough spending choices, Finance Minister P Chidambaram said on Thursday, even as he unveiled a bigger-than-expected outlay for the coming fiscal year in one of the most highly anticipated Indian budgets of recent years. More… |
