Fitch expects Saudi budget deficit this year
11:45 - 22/07/2018
Information / Baghdad ..
Fitch Ratings said on Sunday that Saudi Arabia will achieve a 2.8% deficit in its budget for the current year 2018.
"The Gulf states have higher financial returns due to higher oil prices, and the sudden gains in oil are offset by an increase in spending in some countries, which could lead to public finances being exposed if oil prices fall again and to test the sustainability of their reforms," the agency said in a report. Gulf States ".
"Saudi Arabia will achieve a slight deficit of 2.8 per cent in its budget for 2018. Abu Dhabi, Kuwait and Qatar will achieve a financial surplus of 3.6 per cent, 10 per cent and 2.1 per cent, respectively.
"In Bahrain and Oman, the expectations for the deficit continued to be 6.6% and 5.7% as they were affected by any slowdown in reform or a drop in prices." Ending / 25