Gulf Cooperation Council

Gulf countries get fiscal leeway after OPEC+ extends output cuts
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Gulf countries get fiscal leeway after OPEC+ extends output cuts

  • These countries will still benefit from the higher oil revenue, as the forecast increase in oil price outweighs the lower output.
  • "The marked narrowing in the fiscal deficit with higher oil revenue gives further space to increase fiscal support to the economies."
Updated 08 Mar, 2021 10:16pm