#Deficit

Kuwait

Kuwait posts smaller deficit for last fiscal year on higher oil

The OPEC member recorded the highest non-oil revenue in seven years, up 38.5 per cent to KD2.4bn

Oman’s first quarter deficit rises to $2bn

Public revenue was OMR1.82bn at the end of March

Bahrain plans to sell dollar bonds to plug budget deficit

The Gulf Arab kingdom is selling benchmark-size seven-year debt, 12-year securities and/or notes maturing in 30 years

Saudi Arabia won’t tap debt market again in 2020, minister says

The world’s largest crude exporter is relying on more borrowing as it grapples with the impact of the twin economic shocks caused by oil market turmoil and the coronavirus pandemic

Kuwait to pay $600m in bonuses despite 64% budget deficit – report

Reports suggest the number could double if oil sector bonuses are included