Thursday, 15 April 2021 10:23 GMT

GCC to see 52 percent financial deficit decline


( 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.

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