- Sort by:
- Score
- Published ▼
-
Iraq Eyes 2023 Budget Priorities: Can It Spend Oil Windfall Wisely?
...gh-level KRG source tells MEES that Erbil’s delegation is planning to return to Baghdad to resume talks end of this month.. MORE CAPEX, OR MORE PAYROLL? Last year marked the third year that Iraq has failed to pass a budget, after 2014 and 2020. If ID222bn ($153bn) is indeed the fi...
Volume: 66Issue: 01Published at Fri, 06 Jan 2023 -
Oman Fiscal Dilemma Shows No Signs Of Abating In 2021
...art 1). On paper, this amounts to around 75% of GDP – not particularly bad – but given years of low growth and perennial budget deficits since the 2014 oil price crash, the concern is that it will continue to grow to unmanageable levels. Oman’s economic outlook is growing increasingly grim, and an im...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Oman Budgets For Further Deficit Reduction In 2020
...so set to decline. Current spending in set to remain in line with 2019. All told, Oman expects a $6.5bn deficit in 2020, down from $6.8bn in 2019 and $6.9bn in 2018. And if IMF GDP growth forecasts are to be believed, Oman is poised to drop its deficit-to-GDP ratio below 9% for the first time since 2014...
Volume: 63Issue: 01Published at Fri, 03 Jan 2020 -
Saudi 2017 Budget Boosts Spending But Slashes Deficit By One-Third
...17B 2016E SR BN % (Real) 2015 2014 2013 2012 20...
Volume: 60Issue: 01Published at Fri, 06 Jan 2017 -
Oman 2017 Budget Cuts Deficit By 44% With Brighter Prospects For Oil Revenues
...e 2016 budget lost more than 67% of its oil and gas revenues despite achieving record high production, compared to the oil revenues earned in 2014. The statement added that 2016 witnessed the lowest traded price of Oman oil which plunged to $24/B in January, but that the government was able to fi...
Volume: 60Issue: 01Published at Fri, 06 Jan 2017 -
Oman Slashes Subsidies In 2016 Budget, Announces Economic Reforms
...clude the impact of falling oil prices and the effect of regional and geopolitical conditions on the Oman economy, which would require suitable measures to sustain the financial situation and provide economic stability. OMAN'S 2014-2016 FINANCES (OR MN) *LATEST (JAN 16) FORECAST. SOURCE: OM...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Saudis Slash Subsidies As Oil Revenue Collapses
...FICIT Actual 2015 revenue is estimated by the ministry at SR607bn ($162bn), down 15% in nominal terms from the original budget projection, with oil revenue at SR445bn accounting to 73% of total revenue, a drop from the 87% share in 2014. Non-oil revenue however increased in 2015 by 29% to hit SR...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Saudi Arabia Budgets For $39Bn 2015 Deficit Despite Spending Cut
...dget, unveiled by the Saudi cabinet on 25 December. The 2015 budget projects revenue at SR715bn ($190.7bn), with spending of SR860bn ($229.3bn) planned. The former is down by 33% in real terms on the latest official estimate of actual 2014 revenue, while the latter represents a 24% real terms cut: th...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
Algeria: OPEC Must Cut
...ow that the trade balance in the first 11 months of the year has fallen to $5.37bn from $8.87bn in the corresponding period of 2013. The value of exports in 11 months of 2014 fell slightly to $58.67bn from $59.07bn in the same period of 2013, while the value of imports was up to $53.29bn in 11 mo...
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 -
IMF Says Jordanian Recovery On Track
...rect grants to the Jordanian central bank and finance ministry; a further $300mn came in direct budget support from Saudi Arabia, whilst $406mn came from the US, $82mn from the European Union and $20mn from other sources. For 2014, the IMF is projecting grants totaling $2.22bn, with $1.96bn to come fr...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014