#spending

Bahrain plans to double VAT in bid to curb deficit

Bahrain’s budget shortfall is projected to drop to 9.1 per cent of gross domestic product this year compared with 18.3 per cent of GDP in 2020

Kuwait asks ministries to cut spending by 10% amid budget gap

The OPEC member posted record $36bn budget deficit in 2020

Saudi non-oil economy rebounded to 2.9% growth in first quarter

In the first quarter, Saudi Arabia’s non-oil economy grew at its fastest pace since 2019

Oman is planning a second debt sale in 2021 with dollar sukuk

Oman successfully tapped the international debt market in January, raising $3.25bn

Aramco said to plan bond sale to help fund $75bn dividend

The price of oil has doubled since October to more than $70 a barrel

Oman’s first quarter deficit rises to $2bn

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