Page 4 - Fiscal Balance Program News Today

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

Saudi Arabia, Kuwait and the United Arab Emirates reiterated their support for Bahrain's plans to balance its budget, a move expected to help their neighbor in the debt capital markets despite delays in plans to fix its heavily indebted finances. The three Gulf allies extended a $10 billion aid package to Bahrain in 2018 to help it avoid a credit crunch. Last month Bahrain

KSA, Kuwait, UAE welcome Bahrain govt efforts in implementing Fiscal Balance Program

DUBAI — Saudi Arabia, Kuwait and the United Arab Emirates reiterated their support for Bahrain’s plans to balance its budget, a move expected to help their…

Ministers of Finance of Saudi Arabia, the UAE and Kuwait have welcomed the efforts made by the Government of Bahrain in implementing the Fiscal Balance Program, and the progress made by the kingdom despite the challenges posed by the Covid-19 pandemic.

Ministers of Finance of Saudi Arabia, the UAE and Kuwait have welcomed the efforts made by the Government of Bahrain in implementing the Fiscal Balance Program, and the progress made by the kingdom despite the challenges posed by the Covid-19 pandemic.

LONDON: Saudi Arabia's spending plan as announced in its pre-budget statement on Thursday is a positive development for the credit rating of the Kingdom, rating agency Moody's said. “The 2022 pre-budget statement confirmed the government’s plans for further spending cuts during 2022-23, in line with the previously published Fiscal Balance Program. This is credit positive as it

It looks like this was the result of either: A mistyped address A broken link on our site A broken link on a search engine results page A broken link on someone elses page Some things to try: Use the navigation menu at the top Most Read

Saudis Q1 budget outturn evidence of structural improvements RIYADH, 4 hours, 25 minutes ago Saudi Arabia has announced a significant narrowing of the government budget deficit to $2 billion (0.3% of full-year GDP) in the first quarter of this year from $29 billion in the fourth quarter and $9 billion in the first quarter of 2020, according to top ratings agency Moodys.   Although this improvement was largely driven by higher oil prices and a large seasonal drop in spending, the budget pe...

This they did through diversifying revenue sources for the state, increasing the efficiency of the public expenditure, stimulating the private sector and providing subsidy to needy citizens.