Gulf set for large-scale drawdown of foreign assets
In a new era of lower oil prices, governments are seeking to avoid politically sensitive austerity measures
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In this article
- Spending cutbacks
- Capital spending
- Current spending
- Increasing revenue
- VAT
- Land tax
- Energy prices
- Fiscal crisis point
- Debt issuance
- Low or no deficit countries
- Saudi Arabia
- Oman
- Bahrain
- Drawing down SWF assets
- Oman
- Bahrain
- Saudi Arabia
- Kuwait, Qatar and the UAE
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_350.jpg "A fishing boat passes in front of the Kuwait City skyline (Reuters/Stephanie McGehee)")