No Reforms Envisaged, Deficit To Widen

December 2006 | Economic Analysis

BMI View: We see the budget deficit widening over the coming years, peaking at 4.2% of GDP in 2009 as a result of slowing growth, lower oil prices and high spending. However, a steeper than expected drop in oil prices could be very worrying indeed, given the country's dependence on energy-derived revenues.

If you would like to subscribe to Middle East Monitor, The Gulf and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Middle East Monitor, The Gulf please click on the trial link below.