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Kuwait parliament passes deficit budgetKuwait’s parliament has passed the budget for the 2018-2019 fiscal year, projecting a huge deficit for the fourth year in a row amid a shrinking economy, said a report. The shortfall for the accounting year, which began in K More… |
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Qatar’s 2016 budget shelters capex spendingQatar’s budget appears to be attempting to protect capex expenditures while rationalizing current spending, a report said, highlighting that the 2016 budget pencils in a deficit of $12.7 billion based on oil prices of $48 per barrel. More… |
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Kuwait cuts spending plan as oil prices hit exportsKuwait's finance ministry has slashed spending and projected a big deficit in a draft budget for the next fiscal year, as plunging oil prices hit its export revenues. The draft budget for the year starting in April envisages s More… |
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Prince Alwaleed attacks Saudi deficit budgetBillionaire Prince Alwaleed bin Talal has lashed out at the Saudi fiscal policy after projecting the largest-ever budget deficit for 2015 following the slump in oil prices. "We have reached the danger point... after starting More… |
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Oman mulls spending cuts, tax rises as oil tumblesAn advisory body to Oman's government has suggested sweeping spending cuts and tax rises, including a levy on liquefied natural gas exports, to cope with the hit to state revenues from the plunge in oil prices. Oman has run a More… |
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UAE ‘feels no pressure to issue bonds’The government of the UAE will further discuss its plan to introduce a law allowing public debt issues at the federal level, and it feels no pressure to issue bonds despite a budget deficit, Minister of State for Financial Affairs, said on Tuesday More… |
