Putting the brakes on spending

Dudley, Dominic
June 2014
MEED: Middle East Economic Digest;6/13/2014, Vol. 58 Issue 24, p22
The article discusses high levels of government spending among oil-exporting states in the Middle East. The International Monetary Fund estimates that in 2014 six countries in the region need oil prices to stay above $100 per barrel in order to balance their budgets. Some states are responding by reigning in spending growth. In 2014 public spending in Saudi Arabia will rise 4%, the smallest increase in over 10 years.


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