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FINANCIAL NEWS
GCC funding requires to cross USD560b by 2019
18 Oct 2016
(MENAFN) The GCC region’s funding requirement has been mounting since last year, when the drop in oil-related profit turned fiscal surplus into deficits.
Accordingly, GCC governments financing needs between 2015 and 2019 could reach USD560bn.
In addition, it is expected that in 2016-2019 these deficits will average almost 10 percent per year in Bahrain, Oman, Kuwait and KSA and 4pct in Abu Dhabi and Qatar.
Meanwhile, Saudi Arabia’s deficit makes up the main 60 percent of the GCC sovereigns’ financing requirement in nominal terms.
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