VOL. XXXII

NO. 47

28-AUGUST-1989

Financial and Banking News

BUDGETS AND REVENUES

Petro Finance Predicts Narrowing OPEC Deficit

The Washington DC-based Petroleum Finance Company (Petro Finance) haspredicted a narrowing of the aggregate OPEC current account deficit from $21.4bnin 1988 to $5.3bn this year. Six member states are projected to have deficits,while two are projected to be in balance and five in surplus, although thelatter group's aggregate surplus is dwarfed by Saudi Arabia's forecast...