( MENAFN ) The GCC might see a 52 percent decline in financial deficit as it settled on USD51 billion, from USD107 billion in 2017.
The data have been found in KAMCO Investment Company's research that was founded on the International Monetary Fund's (IMF) released forecast on government budget.
The main sources behind the budget recording a drop in deficit gaps is said to be projects that are launched to improve and restrict expenses.
It was also forecast that the budget deficit would decline as the revenues increase in oil prices preserves stability and maintain its levels of over USD60 per barrel.
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.