#budget deficit

Saudi Arabia

Saudi Arabia forecasts slower growth, budget deficit for 2023

The largest Arab economy expects real gross domestic product to grow by 0.03 per cent this year

S&P Global affirms positive outlook on Bahrain

S&P Global affirms rating, positive outlook on Bahrain

The country’s fiscal and debt positions strengthened in 2022 on the back of higher oil prices and budget consolidation measures

Kuwaiti ruler makes unprecedented call for dialogue amid impasse

The initiative follows years of political tensions that have stymied efforts to diversify the country’s economy and promote foreign investment

Kuwait posts record $36bn deficit on oil price drop, virus

Salaries and subsidies in the 2020-21 fiscal year accounted for 73 per cent of spending

Saudi Arabia seeks to speed privatisations to help ease deficit

Saudi Arabia raised $800m from the recent sale of two flour mills, which followed two other mill sales of $740m last year

Kuwait projects $183bn cumulative deficit over five years

Total expenses during that period are projected at KD114.1bn

One of world’s richest nations taps wealth fund as cash dries up

To generate liquidity, the government began last year swapping its best assets for cash with the $600bn Future Generations Fund

Saudi Arabia plans spending cuts in 2021 as economy recovers

The kingdom will stick to its plan to cut spending by 7.3 per cent in 2021

Oman to tap investors to plug budget deficit

Besides signing a bridge loan for OMR770m and issuing OMR550m in development bonds this year, Oman has also been tapping its reserves and privatising some assets

Saudi Arabia reserves grew in July from lowest level since 2010

The government could still face a budget deficit of over 13 per cent of gross domestic product in 2020

Stakes rising in Oman for regional financial aid

The sultanate’s dollar-denominated bonds have lost 1.6 per cent this year, the worst performer in the region

Kuwait runs into resistance on bill to boost borrowing

Kuwait raised $8bn in March 2017 in its first sale of international bonds

Bahrain sells riskiest Eurobond since market reopened

The 10-year bonds yield 7.375 per cent, a substantial yield premium that has attracted more than $7.5bn so far