Gulf government debt will increase $ 100 billion this year

0
82


Standard & Poor’s Global Credit Ratings said on Monday that it expects the Gulf countries ’government debt to rise by a record $ 100 billion this year, in light of the growing funding requirements due to the Corona virus crisis and the drop in oil prices.

The agency estimates that the central governments of the Gulf Cooperation Council countries will record a combined deficit of about $ 180 billion.

“Based on our macroeconomic assumptions, we expect the budgets of the governments of the Gulf Cooperation Council to deteriorate until 2023,” she said in a statement.

Note: the content of this news was written by the seventh day And does not express a point of view Egypt today But it was transferred with its content as it is from the seventh day We are not responsible for the content of the news and custody of the previous source.





LEAVE A REPLY

Please enter your comment!
Please enter your name here