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Saudi Arabia is expecting a surplus of $24 billion (SR90 billion) from 2022 budget; first time since 2013, reports say. A cabinet statement has indicated that the Gulf country will achieve a total revenue for 2022 of SR1.05 trillion, while Read more
Kuwait, which has posted a budget surplus for 16 years in a row, has approved for the third consecutive time a budget with expenses surpassing the income forecasted by the state despite the introduction of several austerity measures to reduce Read more
After 16 years of budget surplus dating back to the end of the 1999 fiscal year, Kuwait has announced that it registered its first budget deficit in 2016. Finance Minister Anas al-Saleh had informed the parliament last month that they Read more
Financial markets may reject Spain’s financing requests if it fails to curb the deficit. The warning was expressed by Prime Minister Mariano Rajoy before Parliament Wednesday. He said unless the Parliament endorses the deficit cuts he proposed, there is serious Read more
Egyptian financial authorities are planning to sell plots of land in a bid to raise as much as $15 billion to help reduce budget deficit expected to reach this year $ 23.9 billion, about 8.7 pc of GDP of the Read more