Standard & Poor's expected that the Gulf countries ’government debt will rise by a record number, which may reach $ 100 billion during the current year, in light of the increase in financing requirements due to the Corona crisis and a decrease Oil prices.
According to Reuters, Standard & Poor's estimates that the central governments of the Gulf Cooperation Council countries will record a combined deficit of about $ 180 billion.
"We expect that the budgets of the governments of the Gulf Cooperation Council will witness a deterioration until 2023," she said in a statement based on our macroeconomic assumptions.
(Amazon fun of knowledge)
