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Oman Fiscal Dilemma Shows No Signs Of Abating In 2021
...ntered on government spending, this requires significant investment just as debt-fueled expenditure becomes increasingly costly. Oman’s 2021 budget released last week epitomizes this dilemma. Muscat plans to spend just $28.3bn, its lowest annual spend since the pre-Arab Spring days of 2011. The cuts ar...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Saudi Foreign Reserves*
...ARE ON TRACK FOR A $45bn (8.4%) 2017 DRAWDOWN... ...BUT, HAVING FALLEN BELOW $500BN FOR THE FIRST TIME SINCE 2011 IN MAY, THEY HAVE SINCE STABILIZED AT JUST SHY OF THIS LEVEL ($bn) *SAMA NET FOREIGN ASSETS ($BN, END PERIOD). ^FORECAST BASED ON DATA TO END-NOV. SOURCE: SA...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
Oman Plans Cut To 2018 Spending In Bid To Trim Deficit
...18 budget projects a $1.3bn fall in the country’s deficit. But at $7.8bn, almost 13% of GDP, this is hardly something to crow about. Particularly worrying is that the country will have recorded a deficit for 10 straight years – through the $100/B boom years of 2011-14 as well as recent, more co...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
Saudi 2017 Budget Boosts Spending But Slashes Deficit By One-Third
...17B 2016E SR BN % (Real) 2015 2014 2013 2012 2011...
Volume: 60Issue: 01Published at Fri, 06 Jan 2017 -
Saudi Arabia Budgets For $39Bn 2015 Deficit Despite Spending Cut
...d yearly since the 2011 Arab Spring uprisings. Commenting on the new budget, Saudi Minister of Economy and Planning, Muhammad al-Jasir said that the government is maintaining expenditure on large infrastructure projects currently under implementation, like railways, desalination and power pl...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
Saudi Arabia Unveils Record 2014 Budget Despite Curb On Expenditure Growth
...SAUDI ARABIA Saudi Arabia Unveils Record 2014 Budget Despite Curb On Expenditure Growth Riyadh has announced yet another record budget for 2014. But the 4.3% spending hike is lower than in previous years, in an attempt to rein in the spending boom which followed the 2011 up...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
Jordanian PM Slams ‘Unsustainable’ Energy Bill
...clear power generation has yet to be taken. Until early 2011, Jordan depended on imports of Egyptian gas at preferential prices for over 80% of its electricity generation. But after the Egyptian revolution this source has virtually dried up and Jordan had to shift to more expensive fuel oil for its el...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
Record Saudi Earnings Boost 2013 Budget Expenditure
...t just budget-to-budget but on actual figures year-on-year. Spending in 2012 saw a large increase from 2011’s levels and is way above budgeted expenditure, raising the issue of fiscal sustainability. “Higher spending could be challenging for fiscal sustainability in the medium- to long-term if there is...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Yemen To Face Challenging 2013
...pelines and electricity transmission lines continued throughout the year (see page 11), the IMF said it saw signs of economic activity reviving, after a more than a 10% fall in 2011. The inflation rate has now come down to single digits, while the exchange rate has appreciated and stabilized at pre-crisis le...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013