GCC gov’t predicts to raise USD 285bn to USD 390bn
20 Mar 2016
(MENAFN) GCC governments are predicted to fund between USD 285bn and USD 390bn across 2020 via regional and global bonds.
Moreover, GCC countries required to mobilize an estimated USD 151.3bn this year to meet their financial obligations.
In addition, almost 52 percent of the GCC funding needs for 2016 worth USD 78.1bn is predicted to come from reserves, while USD 57.7bn from issuances.
Low oil prices altered the financial landscape of GCC nations as the prized fiscal surplus logged in previous years which flipped into deficit of USD 160bn.