budget deficit – Middle East Confidential

22 Dec, 2024

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Kuwait: budget deficit widens, inability to pay salaries after November looms

August 20, 2020August 20, 2020 Jaber Ali

Kuwait Wednesday warned it will not be able to pay salaries of civil servants from November for lack of funds amid increase in budget deficit caused in part by slump in oil revenues. Finance Minister Barak Al-Sheetan rung the alarm Read more

Oman to Issue International Bond despite Ratings Downgrade

February 26, 2016February 26, 2016 Jaber Ali

A week after Oman’s credit ratings were downgraded by Standard and Poor’s from BBB+ to BBB-, sources have revealed that the government is preparing to issue a sovereign dollar bond but the Finance Ministry refused to confirm or deny the Read more