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Gulf budget gaps to further narrow in 2018 kuwaits govt revenues increase to kd 13 3bn oil revenues expected to stay at kd 11.7bn in 2017/18
Budgets deficits for the GCC region in 2018 are forecasted to come in at $51bn, a 52 percent reduction from 2017 budget deficits ($107bn), based on our analysis of IMF’s general government fiscal balance estimates. Expense optimization and reduction initiatives are key drivers for the lower budget gaps, while Saudi…
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Click here to read the full story: Arab Times Online