Gulf budget deficit likely to hit $153bn in 2016

Increase FontSizeDecrease FontSize
26-Sep-2016

fiogf49gjkf0d
Gulf Arab oil exporters are expected to see their budget deficits peak this year owing to the plunge in energy revenues, recently said report. The combined deficit of the six Gulf Cooperation Council (GCC) states is forecast to hit $153bn in 2016, up from $119bn last year, Kuwait's investment firm KAMCO Research said. The GCC deficit will start easing from next year but the six nations are forecast to post an average annual shortfall of $100bn until 2021. 

 

Post a comment

 

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Celebrity News

Zendaya Shines in Boucheron High Jewelry at Spider-Man: Brand New Day Premiere

Zendaya Shines in Chopard at The Odyssey Premiere in New York City

Jennifer Lopez Wears Chopard in Paris

Calendar of Events

Exhibition & Events

Vicenzaoro 2026 to Spotlight Innovation, Trends and Sustainability

New U.S. Tariff Regime Puts India's Gem & Jewellery Exports Under Pressure: GJEPC

Vicenzaoro September 2026 Strengthens Its Position as a Global Hub for High Jewellery

Our Group Websites

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player