A blueprint for fiscal reform in the GCC
The precipitous fall in oil prices since June 2014 is projected to result in a $287bn loss in oil exports for the GCC, a massive shock of about 21 per cent of combined GDP. Given the high dependence of GCC governments on oil revenue, the impact on budgets is large:…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Gulf Business