Gulf fiscal pressures herald new era of austerity
Declining oil prices have sharpened the debate on the long-term sustainability of the region's economies
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In this article
- Room for manoeuvre?
- Austerity years
- Industry targeted, consumers protected
- Political economies
- New fiscal patterns
- Slowing growth
- Policy opportunity?
- Subsidy reform
- Public sell-offs
- Private sector employment
- Taxation dilemma
- Outlook
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_350.jpg "Labourers work at the construction site of Abu Dhabi's airport terminal (Reuters/Ben Job)")