The debt of the Gulf states will rise to 100 billion dollars in 2020
The debt of the Gulf states will rise to 100 billion dollars in 2020
7/20/2020 16:15
[Follow-up]
S&P expected that Gulf governments ’debt would rise by a record $ 100 billion this year, given the growing funding requirements due to the Corona crisis and lower oil prices.
“Based on our macroeconomic assumptions, we expect the budgets of the governments of the Gulf Cooperation Council to deteriorate through 2023,” she said in a statement today.
The agency estimates that the central governments of the Gulf Cooperation Council countries will record a combined deficit of about $ 180 billion this year.
alliraqnews.com
